Measured Wealth Private Client Group LLC Boosts Stock Position in IAMGOLD Co. (NYSE:IAG)

Measured Wealth Private Client Group LLC grew its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 54.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,216 shares of the mining company’s stock after purchasing an additional 23,962 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in IAMGOLD were worth $352,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IAG. Van ECK Associates Corp grew its position in IAMGOLD by 8.8% during the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock valued at $276,639,000 after acquiring an additional 4,267,084 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of IAMGOLD by 58.8% in the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock valued at $52,735,000 after purchasing an additional 3,732,315 shares in the last quarter. FMR LLC grew its holdings in shares of IAMGOLD by 107.9% during the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock valued at $46,174,000 after purchasing an additional 4,577,599 shares during the last quarter. Bank of Montreal Can raised its position in IAMGOLD by 130.6% in the 3rd quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock worth $28,385,000 after purchasing an additional 3,049,252 shares during the period. Finally, Cibc World Market Inc. lifted its stake in IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock worth $26,452,000 after purchasing an additional 1,795,869 shares during the last quarter. 47.08% of the stock is owned by hedge funds and other institutional investors.

IAMGOLD Stock Performance

Shares of IAG stock opened at $6.46 on Friday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 5.04 and a beta of 1.56. The stock has a fifty day moving average of $5.57 and a 200 day moving average of $5.22. IAMGOLD Co. has a 52 week low of $2.32 and a 52 week high of $6.64. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. The firm had revenue of $438.90 million during the quarter. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, research analysts expect that IAMGOLD Co. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research report on Thursday. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and upped their price target for the company from $7.75 to $10.50 in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.57.

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.