PKO Investment Management Joint Stock Co Sells 58,026 Shares of Iamgold Corporation $IAG

PKO Investment Management Joint Stock Co lessened its position in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 21.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,974 shares of the mining company’s stock after selling 58,026 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Iamgold were worth $3,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. purchased a new stake in Iamgold in the fourth quarter worth $30,000. Global Retirement Partners LLC purchased a new position in Iamgold during the fourth quarter valued at $33,000. FNY Investment Advisers LLC bought a new stake in shares of Iamgold during the 4th quarter valued at $38,000. LOM Asset Management Ltd bought a new stake in shares of Iamgold during the 4th quarter valued at $49,000. Finally, Banque Cantonale Vaudoise grew its position in shares of Iamgold by 617.8% in the 4th quarter. Banque Cantonale Vaudoise now owns 2,986 shares of the mining company’s stock worth $49,000 after buying an additional 2,570 shares during the period. Hedge funds and other institutional investors own 47.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IAG shares. Weiss Ratings lowered shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Zacks Research cut shares of Iamgold from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Scotiabank raised their target price on shares of Iamgold to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. One 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 a consensus rating of “Moderate Buy” and an average target price of $17.75.

Iamgold Trading Up 0.0%

Iamgold stock opened at $16.89 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $17.44 and its two-hundred day simple moving average is $18.40. Iamgold Corporation has a 12 month low of $6.69 and a 12 month high of $24.87. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.81 and a beta of 1.25.

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

About Iamgold

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.