U S Global Investors Inc. Cuts Holdings in IAMGOLD Co. (NYSE:IAG)

U S Global Investors Inc. trimmed its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 753,291 shares of the mining company’s stock after selling 100,823 shares during the quarter. U S Global Investors Inc. owned 0.13% of IAMGOLD worth $3,887,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC boosted its holdings 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 buying an additional 4,577,599 shares during the last quarter. Van ECK Associates Corp boosted its stake in IAMGOLD by 8.8% in 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 increased its stake in shares of IAMGOLD by 58.8% during the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock worth $52,735,000 after purchasing an additional 3,732,315 shares during the last quarter. Bank of Montreal Can raised its holdings 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 purchasing an additional 3,049,252 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in IAMGOLD by 158.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company’s stock valued at $24,301,000 after purchasing an additional 2,839,556 shares during the last quarter. 47.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

IAMGOLD Price Performance

Shares of NYSE IAG opened at $5.45 on Friday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 3.76 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $5.80 and its two-hundred day simple moving average is $5.46. IAMGOLD Co. has a twelve month low of $2.53 and a twelve month high of $6.69.

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

IAMGOLD 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.