IAMGOLD Co. (NYSE:IAG) Stock Position Reduced by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lessened its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 56.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 85,362 shares of the mining company’s stock after selling 112,851 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in IAMGOLD were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Intact Investment Management Inc. lifted its holdings in shares of IAMGOLD by 158.4% in the 4th quarter. Intact Investment Management Inc. now owns 2,733,450 shares of the mining company’s stock worth $14,127,000 after purchasing an additional 1,675,440 shares during the last quarter. Swiss National Bank lifted its holdings in shares of IAMGOLD by 0.6% in the 4th quarter. Swiss National Bank now owns 1,127,300 shares of the mining company’s stock worth $5,824,000 after purchasing an additional 6,800 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of IAMGOLD in the 4th quarter worth approximately $103,000. Raymond James Financial Inc. bought a new stake in shares of IAMGOLD in the 4th quarter worth approximately $107,000. Finally, Aigen Investment Management LP lifted its holdings in shares of IAMGOLD by 25.8% in the 4th quarter. Aigen Investment Management LP now owns 88,341 shares of the mining company’s stock worth $456,000 after purchasing an additional 18,097 shares during the last quarter. Institutional investors own 47.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on IAG shares. StockNews.com downgraded IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Price Performance

Shares of NYSE:IAG opened at $6.07 on Tuesday. IAMGOLD Co. has a fifty-two week low of $2.90 and a fifty-two week high of $6.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The stock has a market capitalization of $3.47 billion, a P/E ratio of 4.18 and a beta of 1.63. The business has a 50-day moving average of $5.89 and a two-hundred day moving average of $5.51.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. On average, equities research analysts predict that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

About IAMGOLD

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.