DGS Capital Management LLC Invests $110,000 in IAMGOLD Co. (NYSE:IAG)

DGS Capital Management LLC purchased a new stake in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 21,314 shares of the mining company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in IAMGOLD during the third quarter valued at $29,000. Eastern Bank purchased a new position in IAMGOLD in the 3rd quarter valued at about $30,000. Aigen Investment Management LP boosted its holdings in IAMGOLD by 10.6% in the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after buying an additional 6,704 shares during the last quarter. Geode Capital Management LLC boosted its holdings in IAMGOLD by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock worth $1,392,000 after buying an additional 6,874 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in IAMGOLD by 3.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock worth $1,154,000 after buying an additional 8,972 shares in the last quarter. Hedge funds and other institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Up 4.4 %

Shares of NYSE IAG opened at $6.06 on Monday. The company has a market capitalization of $3.46 billion, a P/E ratio of 4.73 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The company has a 50 day simple moving average of $5.46 and a 200-day simple moving average of $5.11. IAMGOLD Co. has a 1 year low of $2.32 and a 1 year high of $6.37.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Thursday, November 7th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. The company had revenue of $438.90 million during the quarter. IAMGOLD had a return on equity of 10.01% and a net margin of 49.56%. During the same period last year, the business earned ($0.01) EPS. On average, equities research analysts predict that IAMGOLD Co. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IAG. Raymond James lowered their price target on IAMGOLD from $6.50 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 15th. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and increased their target price for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.