Generali Investments CEE investicni spolecnost a.s. Makes New $103,000 Investment in IAMGOLD Co. (NYSE:IAG)

Generali Investments CEE investicni spolecnost a.s. bought a new position in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 20,000 shares of the mining company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IAG. FMR LLC increased its stake in shares of IAMGOLD by 107.9% in the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after acquiring an additional 4,577,599 shares during the last quarter. Two Sigma Advisers LP increased 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 worth $52,735,000 after acquiring an additional 3,732,315 shares during the last quarter. Bank of Montreal Can increased its stake in shares of 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 acquiring an additional 3,049,252 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of IAMGOLD by 158.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company’s stock worth $24,301,000 after acquiring an additional 2,839,556 shares during the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of IAMGOLD by 54.0% in the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock worth $26,452,000 after acquiring an additional 1,795,869 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IAG shares. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. StockNews.com downgraded IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Stock Performance

NYSE IAG opened at $5.50 on Monday. The company has a market cap of $3.14 billion, a P/E ratio of 3.79 and a beta of 1.63. 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 50-day moving average of $5.84 and a two-hundred day moving average of $5.49. IAMGOLD Co. has a 1-year low of $2.90 and a 1-year high of $6.69.

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