Magnetar Financial LLC bought a new stake in Iamgold Corporation (NYSE:IAG) (TSE:IMG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 88,812 shares of the mining company’s stock, valued at approximately $542,000.

A number of other large investors also recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP purchased a new position in Iamgold in the third quarter valued at $873,000. Commerzbank Aktiengesellschaft FI lifted its holdings in Iamgold by 21.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 974,090 shares of the mining company’s stock worth $5,942,000 after buying an additional 170,317 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Iamgold by 96.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 2,066,300 shares of the mining company’s stock worth $12,644,000 after buying an additional 1,013,300 shares during the last quarter. Trexquant Investment LP purchased a new stake in Iamgold during the 3rd quarter worth about $177,000. Finally, Legal & General Group Plc lifted its holdings in Iamgold by 4.5% during the 3rd quarter. Legal & General Group Plc now owns 366,157 shares of the mining company’s stock worth $2,309,000 after buying an additional 15,876 shares during the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.

Iamgold Corporation (NYSE:IAG) traded up $0.03 on Wednesday, hitting $5.26. The stock had a trading volume of 4,152,700 shares, compared to its average volume of 6,865,191. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.85. Iamgold Corporation has a twelve month low of $3.16 and a twelve month high of $7.25. The firm has a market capitalization of $2,431.09, a PE ratio of 52.30, a P/E/G ratio of 20.51 and a beta of -0.57.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its earnings results on Tuesday, November 7th. The mining company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Iamgold had a return on equity of 1.81% and a net margin of 48.66%. The business had revenue of $268.80 million for the quarter, compared to analysts’ expectations of $268.62 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. equities research analysts forecast that Iamgold Corporation will post 0.09 earnings per share for the current fiscal year.

A number of analysts have issued reports on IAG shares. Royal Bank of Canada set a $7.00 price target on Iamgold and gave the stock a “hold” rating in a report on Friday, November 10th. BidaskClub raised Iamgold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised Iamgold from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Monday, October 23rd. TheStreet downgraded Iamgold from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $8.00 price target on shares of Iamgold in a report on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.10.

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About Iamgold

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

Institutional Ownership by Quarter for Iamgold (NYSE:IAG)

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