IAMGOLD Co. (NYSE:IAG) Shares Acquired by Fmr LLC

Fmr LLC increased its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 107.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,819,600 shares of the mining company’s stock after acquiring an additional 4,577,599 shares during the period. Fmr LLC owned approximately 1.54% of IAMGOLD worth $46,174,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of IAMGOLD by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after purchasing an additional 4,267,084 shares in the last quarter. Millennium Management LLC grew its position in IAMGOLD by 194.2% during the second quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock worth $29,573,000 after buying an additional 5,204,715 shares during the period. American Century Companies Inc. grew its position in IAMGOLD by 28.6% during the second quarter. American Century Companies Inc. now owns 5,708,298 shares of the mining company’s stock worth $21,423,000 after buying an additional 1,270,608 shares during the period. Dimensional Fund Advisors LP increased its holdings in IAMGOLD by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,663,676 shares of the mining company’s stock valued at $21,239,000 after buying an additional 898,077 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of IAMGOLD by 130.6% during the 3rd quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock valued at $28,385,000 after acquiring an additional 3,049,252 shares during the period. Hedge funds and other institutional investors own 47.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank raised their price target on IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.68.

IAMGOLD Stock Performance

Shares of NYSE IAG opened at $5.35 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. IAMGOLD Co. has a 12 month low of $2.11 and a 12 month high of $6.37. The company has a market cap of $3.06 billion, a PE ratio of 4.18 and a beta of 1.56. The company has a 50-day simple moving average of $5.36 and a 200-day simple moving average of $4.70.

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.