Deutsche Bank AG Has $6.99 Million Stake in IAMGOLD Co. (NYSE:IAG)

Deutsche Bank AG reduced its stake in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,353,828 shares of the mining company’s stock after selling 123,123 shares during the period. Deutsche Bank AG owned about 0.24% of IAMGOLD worth $6,986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Donald Smith & CO. Inc. grew its holdings in IAMGOLD by 0.7% during the fourth 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. bought a new stake in shares of IAMGOLD in the 4th quarter worth $128,174,000. Vanguard Group Inc. grew its stake in shares of IAMGOLD by 1.5% in the 4th 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. lifted its position in shares of IAMGOLD by 25.9% during the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock valued at $52,499,000 after purchasing an additional 2,092,803 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. 47.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IAG shares. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. CIBC increased their price target on IAMGOLD from $8.40 to $9.20 and gave the company an “outperformer” rating in a research report on Thursday, May 8th. Scotiabank boosted their price objective on IAMGOLD from $7.50 to $7.75 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. BMO Capital Markets initiated coverage on IAMGOLD in a research note on Wednesday, April 16th. They set an “outperform” rating on the stock. Finally, Raymond James reissued a “market perform” rating and issued a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.74.

IAMGOLD Stock Up 0.7%

Shares of NYSE IAG opened at $6.31 on Friday. 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 $3.63 billion, a PE ratio of 4.35 and a beta of 1.20. IAMGOLD Co. has a one year low of $3.44 and a one year high of $8.38. The business’s fifty day moving average price is $6.61 and its 200-day moving average price is $5.96.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $457.23 million for the quarter, compared to the consensus estimate of $578.70 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. On average, equities research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

IAMGOLD Company Profile

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.