Aigen Investment Management LP Grows Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Aigen Investment Management LP boosted its stake in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,244 shares of the mining company’s stock after purchasing an additional 6,704 shares during the period. Aigen Investment Management LP’s holdings in IAMGOLD were worth $368,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of IAMGOLD during the 3rd quarter valued at $29,000. Eastern Bank purchased a new position in IAMGOLD in the third quarter worth about $30,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of IAMGOLD by 3.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock valued at $1,154,000 after purchasing an additional 8,972 shares during the period. Continuum Advisory LLC increased its position in shares of IAMGOLD by 92.9% during the 2nd quarter. Continuum Advisory LLC now owns 20,450 shares of the mining company’s stock valued at $77,000 after purchasing an additional 9,850 shares during the last quarter. Finally, TIAA Trust National Association bought a new position in shares of IAMGOLD in the 2nd quarter worth approximately $38,000. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Performance

Shares of IAG stock opened at $4.99 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a fifty day simple moving average of $5.29 and a two-hundred day simple moving average of $4.54. The firm has a market capitalization of $2.85 billion, a PE ratio of 3.90 and a beta of 1.57. IAMGOLD Co. has a 52-week low of $2.11 and a 52-week high of $6.37.

Wall Street Analyst Weigh In

IAG has been the subject of several recent research reports. CIBC boosted their target price on shares of IAMGOLD from $5.40 to $6.40 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Monday. National Bank Financial raised IAMGOLD from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Scotiabank boosted their price target on IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $6.00 price objective on shares of IAMGOLD in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Moderate Buy” and an average price target of $6.68.

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.