Edmond DE Rothschild Holding S.A. Buys Shares of 99,786 IAMGOLD Co. (NYSE:IAG)

Edmond DE Rothschild Holding S.A. purchased a new position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 99,786 shares of the mining company’s stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in IAMGOLD by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company’s stock worth $109,741,000 after buying an additional 321,458 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of IAMGOLD by 25.9% during the 4th quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock worth $52,499,000 after acquiring an additional 2,092,803 shares in the last quarter. Two Sigma Advisers LP boosted 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 acquiring an additional 3,732,315 shares in the last quarter. FMR LLC grew 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 acquiring an additional 4,577,599 shares during the period. Finally, Cibc World Market Inc. increased its stake in IAMGOLD by 54.0% in 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 purchasing an additional 1,795,869 shares in the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

IAMGOLD Price Performance

NYSE:IAG opened at $6.31 on Wednesday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 4.35 and a beta of 1.63. IAMGOLD Co. has a 12-month low of $3.44 and a 12-month high of $6.69. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $6.02 and its two-hundred day moving average is $5.60.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on IAG. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Finally, CIBC restated an “outperform” rating on shares of IAMGOLD in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.