Y Intercept Hong Kong Ltd Makes New $174,000 Investment in IAMGOLD Co. (NYSE:IAG)

Y Intercept Hong Kong Ltd acquired a new position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 33,630 shares of the mining company’s stock, valued at approximately $174,000.

A number of other hedge funds also recently added to or reduced their stakes in IAG. International Assets Investment Management LLC acquired a new stake in IAMGOLD during the 3rd quarter worth approximately $700,000. GSA Capital Partners LLP purchased a new position in shares of IAMGOLD during the 3rd quarter worth approximately $296,000. Aigen Investment Management LP raised its stake in shares of IAMGOLD by 10.6% during the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after buying an additional 6,704 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of IAMGOLD by 2.6% during the 3rd quarter. CIBC Asset Management Inc now owns 698,107 shares of the mining company’s stock worth $3,661,000 after buying an additional 17,608 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. raised its stake in shares of IAMGOLD by 213.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 942,900 shares of the mining company’s stock worth $4,942,000 after buying an additional 641,750 shares in the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

IAMGOLD Stock Performance

NYSE IAG opened at $5.67 on Thursday. IAMGOLD Co. has a 1-year low of $2.85 and a 1-year high of $6.69. The company has a market capitalization of $3.24 billion, a P/E ratio of 3.91 and a beta of 1.56. The business has a 50 day moving average price of $5.83 and a 200 day moving average price of $5.48. 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 (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data 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). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The firm had revenue of $469.90 million during the quarter, compared to analysts’ expectations of $498.68 million. Sell-side analysts expect that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.