Arrowstreet Capital Limited Partnership Buys 6,999 Shares of IAMGOLD Co. (NYSE:IAG)

Arrowstreet Capital Limited Partnership increased its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,311,718 shares of the mining company’s stock after acquiring an additional 6,999 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.85% of IAMGOLD worth $84,198,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IAG. Vanguard Group Inc. lifted its position in IAMGOLD by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company’s stock valued at $109,741,000 after purchasing an additional 321,458 shares during the period. American Century Companies Inc. lifted its holdings in IAMGOLD by 25.9% in the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock valued at $52,499,000 after buying an additional 2,092,803 shares during the period. Two Sigma Advisers LP boosted its stake in IAMGOLD by 58.8% in the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock valued at $52,735,000 after acquiring an additional 3,732,315 shares during the last quarter. FMR LLC grew its holdings in IAMGOLD by 107.9% during 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 period. Finally, Cibc World Market Inc. raised its position in shares of IAMGOLD by 54.0% during the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock valued at $26,452,000 after acquiring an additional 1,795,869 shares during the last quarter. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Trading Down 0.7 %

IAG opened at $6.25 on Tuesday. The firm’s fifty day simple moving average is $6.01 and its 200 day simple moving average is $5.60. The stock has a market capitalization of $3.58 billion, a P/E ratio of 4.31 and a beta of 1.63. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS 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 during the quarter, compared to the consensus estimate of $498.68 million. As a group, research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IAG. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. CIBC restated an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.90.

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.