Schroder Investment Management Group increased its holdings in shares of Iamgold Corp (NYSE:IAG) (TSE:IMG) by 205.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 623,110 shares of the mining company’s stock after purchasing an additional 418,900 shares during the quarter. Schroder Investment Management Group owned approximately 0.13% of Iamgold worth $4,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Koch Industries Inc. acquired a new position in Iamgold during the first quarter worth $108,000. Sigma Planning Corp acquired a new stake in Iamgold in the second quarter valued at $111,000. Natixis acquired a new stake in Iamgold in the first quarter valued at $305,000. LPL Financial LLC lifted its stake in Iamgold by 201.3% in the first quarter. LPL Financial LLC now owns 64,503 shares of the mining company’s stock valued at $335,000 after acquiring an additional 43,098 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in Iamgold in the second quarter valued at $407,000. Institutional investors and hedge funds own 53.38% of the company’s stock.

A number of brokerages have commented on IAG. Zacks Investment Research cut shares of Iamgold from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet cut shares of Iamgold from a “b” rating to a “c-” rating in a research note on Friday, August 10th. ValuEngine cut shares of Iamgold from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. BMO Capital Markets reiterated a “buy” rating and issued a $7.00 price target on shares of Iamgold in a research note on Friday, September 21st. Finally, Royal Bank of Canada set a $6.00 price target on shares of Iamgold and gave the company a “hold” rating in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Iamgold currently has an average rating of “Hold” and a consensus price target of $7.13.

Shares of IAG opened at $3.98 on Friday. The stock has a market capitalization of $1.85 billion, a PE ratio of 66.33, a P/E/G ratio of 8.82 and a beta of -0.31. Iamgold Corp has a fifty-two week low of $3.57 and a fifty-two week high of $6.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.80 and a current ratio of 4.72.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings data on Wednesday, August 8th. The mining company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $277.40 million for the quarter, compared to analyst estimates of $265.13 million. Iamgold had a net margin of 2.54% and a return on equity of 2.56%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. Equities research analysts anticipate that Iamgold Corp will post 0.15 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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