Oxford Asset Management LLP Invests $514,000 in IAMGOLD Co. (NYSE:IAG)

Oxford Asset Management LLP bought a new stake in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 99,534 shares of the mining company’s stock, valued at approximately $514,000.

Several other large investors also recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its stake in shares of IAMGOLD by 0.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company’s stock worth $161,167,000 after buying an additional 216,751 shares in the last quarter. RCF Management L.L.C. purchased a new position in IAMGOLD in the fourth quarter worth about $128,174,000. Vanguard Group Inc. grew its position in IAMGOLD by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company’s stock worth $109,741,000 after acquiring an additional 321,458 shares in the last quarter. American Century Companies Inc. increased its stake in IAMGOLD by 25.9% during the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock worth $52,499,000 after acquiring an additional 2,092,803 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in IAMGOLD by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,267,628 shares of the mining company’s stock valued at $47,818,000 after purchasing an additional 1,637,158 shares during the period. Institutional investors own 47.08% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on IAG. Raymond James reiterated a “market perform” rating and issued a $8.00 target price on shares of IAMGOLD in a report on Friday, April 4th. CIBC reiterated an “outperform” rating on shares of IAMGOLD in a research report on Thursday, March 20th. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. BMO Capital Markets started coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They set an “outperform” rating on the stock. Finally, Scotiabank increased their price objective on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Moderate Buy” and an average target price of $7.57.

IAMGOLD Trading Down 2.1 %

NYSE IAG opened at $7.04 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of 4.86 and a beta of 1.52. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $8.38. The company’s 50-day moving average price is $6.28 and its 200-day moving average price is $5.83. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. Equities research analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current 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.