Donald Smith & CO. Inc. trimmed its position in shares of Iamgold Corp (NYSE:IAG) (TSE:IMG) by 10.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,821,746 shares of the mining company’s stock after selling 3,345,145 shares during the quarter. Iamgold accounts for approximately 3.8% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 9th biggest position. Donald Smith & CO. Inc. owned 0.06% of Iamgold worth $100,011,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Ruffer LLP purchased a new position in shares of Iamgold in the 4th quarter valued at about $40,087,000. Norges Bank purchased a new position in shares of Iamgold in the 4th quarter valued at about $19,454,000. Tocqueville Asset Management L.P. boosted its stake in shares of Iamgold by 42.8% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,820,300 shares of the mining company’s stock valued at $41,016,000 after buying an additional 3,540,900 shares during the period. Millennium Management LLC boosted its stake in shares of Iamgold by 503.9% in the 4th quarter. Millennium Management LLC now owns 4,127,930 shares of the mining company’s stock valued at $15,191,000 after buying an additional 3,444,376 shares during the period. Finally, Intact Investment Management Inc. purchased a new position in shares of Iamgold in the 1st quarter valued at about $15,720,000. Institutional investors own 55.97% of the company’s stock.

Shares of NYSE IAG opened at $2.74 on Tuesday. The company has a current ratio of 4.18, a quick ratio of 3.11 and a debt-to-equity ratio of 0.14. Iamgold Corp has a fifty-two week low of $2.28 and a fifty-two week high of $6.26. The stock has a market cap of $1.17 billion, a PE ratio of 45.67, a price-to-earnings-growth ratio of 20.08 and a beta of -0.15.

IAG has been the subject of several recent research reports. Canaccord Genuity reiterated a “buy” rating on shares of Iamgold in a research note on Friday, February 15th. BMO Capital Markets reiterated a “buy” rating on shares of Iamgold in a research note on Friday, February 15th. Zacks Investment Research cut Iamgold from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. ValuEngine cut Iamgold from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Raymond James reiterated a “market perform” rating and issued a $4.00 price objective on shares of Iamgold in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.18.

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Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Institutional Ownership by Quarter for Iamgold (NYSE:IAG)

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