Iamgold Corporation $IAG Shares Bought by Leuthold Group LLC

Leuthold Group LLC increased its stake in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 593,982 shares of the mining company’s stock after acquiring an additional 35,435 shares during the period. Iamgold makes up approximately 1.0% of Leuthold Group LLC’s investment portfolio, making the stock its 24th biggest position. Leuthold Group LLC owned approximately 0.10% of Iamgold worth $10,935,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sigma Planning Corp lifted its position in Iamgold by 1.9% in the second quarter. Sigma Planning Corp now owns 41,660 shares of the mining company’s stock worth $660,000 after purchasing an additional 765 shares during the period. IFP Advisors Inc increased its position in shares of Iamgold by 33.2% during the 2nd quarter. IFP Advisors Inc now owns 3,262 shares of the mining company’s stock valued at $52,000 after purchasing an additional 813 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Iamgold by 73.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,712 shares of the mining company’s stock valued at $51,000 after purchasing an additional 1,150 shares during the period. Alps Advisors Inc. increased its position in shares of Iamgold by 0.4% during the 3rd quarter. Alps Advisors Inc. now owns 368,612 shares of the mining company’s stock valued at $6,786,000 after purchasing an additional 1,448 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Iamgold in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

Analysts Set New Price Targets

IAG has been the subject of several research analyst reports. Raymond James Financial upped their price objective on Iamgold from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Friday, September 4th. Wall Street Zen lowered Iamgold from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Royal Bank Of Canada lifted their target price on Iamgold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Jefferies Financial Group initiated coverage on shares of Iamgold in a research report on Thursday, August 20th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Scotiabank upped their price target on shares of Iamgold from $22.00 to $23.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.71.

Iamgold Trading Up 5.5%

Iamgold stock opened at $19.80 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.05 and a current ratio of 1.71. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. Iamgold Corporation has a 1 year low of $12.63 and a 1 year high of $24.87. The firm’s 50 day moving average price is $18.61 and its two-hundred day moving average price is $18.34.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Thursday, November 5th. The mining company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $843.58 million during the quarter, compared to the consensus estimate of $826.66 million. Iamgold had a return on equity of 28.97% and a net margin of 31.40%. On average, research analysts predict that Iamgold Corporation will post 1.85 EPS for the current fiscal year.

Iamgold Profile

IAMGOLD Corporation is a Canadian gold mining company that explores for, develops and operates mineral properties. Its business is focused primarily on producing gold, with operations in Canada and Burkina Faso.

The company’s assets include the Côté Gold mine in Ontario, the Westwood mine in Quebec and the Essakane mine in Burkina Faso. IAMGOLD also conducts exploration and development work to support its operating mines and assess potential mineral resources.

Founded in 1990, IAMGOLD has built a portfolio spanning North America and West Africa.