Donald Smith & CO. Inc. Lowers Position in Iamgold Corp (IAG)
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.
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.
Featured Story: Equity Income
Want to see what other hedge funds are holding IAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iamgold Corp (NYSE:IAG) (TSE:IMG).
Receive News & Ratings for Iamgold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold and related companies with MarketBeat.com's FREE daily email newsletter.