Iamgold Corporation $IAG is Winmill & CO. Inc.’s 6th Largest Position

Winmill & CO. Inc. cut its position in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,190,000 shares of the mining company’s stock after selling 56,000 shares during the quarter. Iamgold makes up 5.2% of Winmill & CO. Inc.’s investment portfolio, making the stock its 6th biggest holding. Winmill & CO. Inc. owned about 0.20% of Iamgold worth $19,623,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in Iamgold by 11.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,917,300 shares of the mining company’s stock valued at $64,645,000 after purchasing an additional 408,800 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Iamgold by 28.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 587,920 shares of the mining company’s stock worth $7,602,000 after purchasing an additional 130,400 shares during the last quarter. Waratah Capital Advisors Ltd. grew its position in Iamgold by 731.8% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 2,113,558 shares of the mining company’s stock worth $27,328,000 after purchasing an additional 1,859,463 shares during the last quarter. CI Investments Inc. acquired a new position in Iamgold in the third quarter valued at $96,747,000. Finally, Rathbones Group PLC increased its stake in Iamgold by 1,037,042.8% in the fourth quarter. Rathbones Group PLC now owns 418,901,982 shares of the mining company’s stock valued at $6,907,694,000 after purchasing an additional 418,861,592 shares during the period. Institutional investors and hedge funds own 47.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on IAG. TD Securities reiterated a “buy” rating on shares of Iamgold in a research note on Thursday, February 19th. Zacks Research cut Iamgold from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen raised Iamgold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings downgraded Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Finally, Scotiabank boosted their target price on Iamgold to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Iamgold currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

Iamgold Stock Down 0.3%

IAG stock opened at $16.60 on Monday. The stock has a market capitalization of $9.60 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.25. The company has a fifty day moving average of $17.67 and a 200-day moving average of $18.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.89. Iamgold Corporation has a one year low of $6.69 and a one year high of $24.87.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, May 5th. The mining company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $955.17 million. Iamgold had a net margin of 29.49% and a return on equity of 26.65%. As a group, analysts expect that Iamgold Corporation will post 2.27 EPS for the current year.

Iamgold Company Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.