Raymond James Financial Services Advisors Inc. Invests $26,000 in IAMGOLD Co. (NYSE:IAG)

Raymond James Financial Services Advisors Inc. bought a new stake in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,122 shares of the mining company’s stock, valued at approximately $26,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in IAMGOLD by 2.1% during the third quarter. Vanguard Group Inc. now owns 17,375,017 shares of the mining company’s stock worth $37,356,000 after purchasing an additional 363,051 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of IAMGOLD by 0.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 987,468 shares of the mining company’s stock worth $2,140,000 after buying an additional 8,485 shares during the last quarter. Sprott Inc. grew its holdings in shares of IAMGOLD by 888.7% in the third quarter. Sprott Inc. now owns 1,279,400 shares of the mining company’s stock valued at $2,751,000 after acquiring an additional 1,150,000 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of IAMGOLD by 54.5% during the third quarter. Qube Research & Technologies Ltd now owns 976,698 shares of the mining company’s stock valued at $2,100,000 after acquiring an additional 344,691 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in IAMGOLD by 10.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 859,031 shares of the mining company’s stock worth $1,853,000 after acquiring an additional 79,900 shares during the period. Institutional investors own 47.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets upped their price objective on IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a research note on Friday, April 5th. CIBC lifted their price objective on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. StockNews.com upgraded shares of IAMGOLD from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank raised their price target on shares of IAMGOLD from $3.25 to $3.75 and gave the stock a “sector perform” rating in a research note on Thursday, April 18th. Finally, National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.55.

IAMGOLD Trading Up 2.0 %

Shares of IAG stock opened at $3.79 on Friday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 0.93 and a beta of 1.70. The company’s fifty day simple moving average is $3.21 and its two-hundred day simple moving average is $2.71. IAMGOLD Co. has a 1 year low of $1.99 and a 1 year high of $3.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $297.60 million for the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. As a group, analysts anticipate that IAMGOLD Co. will post 0.1 earnings per share for the current year.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.