IAMGOLD Co. (NYSE:IAG) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 25.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,162,314 shares of the mining company’s stock after purchasing an additional 2,092,803 shares during the period. American Century Companies Inc. owned approximately 1.78% of IAMGOLD worth $52,499,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Semanteon Capital Management LP increased its position in IAMGOLD by 22.6% in the 4th quarter. Semanteon Capital Management LP now owns 117,767 shares of the mining company’s stock valued at $608,000 after acquiring an additional 21,675 shares during the period. Northwest & Ethical Investments L.P. grew its stake in shares of IAMGOLD by 4.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock valued at $473,000 after purchasing an additional 4,013 shares during the last quarter. Intact Investment Management Inc. increased its holdings in shares of IAMGOLD by 158.4% in the fourth quarter. Intact Investment Management Inc. now owns 2,733,450 shares of the mining company’s stock valued at $14,127,000 after purchasing an additional 1,675,440 shares during the period. Swiss National Bank raised its stake in shares of IAMGOLD by 0.6% during the fourth quarter. Swiss National Bank now owns 1,127,300 shares of the mining company’s stock worth $5,824,000 after purchasing an additional 6,800 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of IAMGOLD during the fourth quarter worth $103,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

IAMGOLD Stock Performance

IAG opened at $6.12 on Thursday. IAMGOLD Co. has a 1-year low of $3.10 and a 1-year high of $6.69. The stock has a market cap of $3.50 billion, a P/E ratio of 4.22 and a beta of 1.63. The stock’s 50 day simple moving average is $5.96 and its 200 day simple moving average is $5.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $469.90 million during the quarter, compared to analysts’ expectations of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. As a group, equities analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IAG has been the subject of a number of analyst reports. StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. CIBC restated an “outperform” rating on shares of IAMGOLD in a research report on Thursday, March 20th. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bank Financial upgraded IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, IAMGOLD has an average rating of “Moderate Buy” and an average target price of $6.90.

IAMGOLD 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.