DekaBank Deutsche Girozentrale increased its holdings in Iamgold (NYSE:IAG) (TSE:IMG) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,532 shares of the mining company’s stock after buying an additional 9,765 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.05% of Iamgold worth $1,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Donald Smith & CO. Inc. grew its holdings in Iamgold by 5.5% in the 4th quarter. Donald Smith & CO. Inc. now owns 44,236,577 shares of the mining company’s stock worth $257,899,000 after buying an additional 2,288,037 shares in the last quarter. Renaissance Technologies LLC lifted its position in Iamgold by 13.9% in the fourth quarter. Renaissance Technologies LLC now owns 27,774,896 shares of the mining company’s stock worth $161,930,000 after purchasing an additional 3,382,000 shares during the period. Contrarius Investment Management Ltd lifted its position in Iamgold by 13.9% in the first quarter. Contrarius Investment Management Ltd now owns 2,870,324 shares of the mining company’s stock worth $14,897,000 after purchasing an additional 349,853 shares during the period. Two Sigma Advisers LP lifted its position in Iamgold by 13.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,873,597 shares of the mining company’s stock worth $10,938,000 after purchasing an additional 228,586 shares during the period. Finally, American Century Companies Inc. lifted its position in Iamgold by 70.4% in the fourth quarter. American Century Companies Inc. now owns 1,579,719 shares of the mining company’s stock worth $9,210,000 after purchasing an additional 652,900 shares during the period. 56.47% of the stock is owned by institutional investors and hedge funds.

IAG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Iamgold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BMO Capital Markets downgraded Iamgold to a “hold” rating in a research report on Friday, February 16th. ValuEngine upgraded Iamgold from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Bank of America upgraded Iamgold from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Friday, April 13th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.17.

IAG opened at $5.92 on Friday. Iamgold has a 1-year low of $5.96 and a 1-year high of $6.04. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 98.67, a PEG ratio of 12.15 and a beta of -0.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.62 and a quick ratio of 3.83.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Monday, May 7th. The mining company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Iamgold had a return on equity of 2.27% and a net margin of 48.91%. The company had revenue of $314.50 million during the quarter, compared to the consensus estimate of $291.41 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. analysts predict that Iamgold will post 0.16 EPS for the current fiscal year.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Institutional Ownership by Quarter for Iamgold (NYSE:IAG)

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