Commerzbank Aktiengesellschaft FI increased its holdings in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 974,090 shares of the mining company’s stock after acquiring an additional 170,317 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.21% of Iamgold worth $5,942,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in Iamgold by 102.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock worth $110,000 after buying an additional 10,773 shares in the last quarter. Sigma Planning Corp acquired a new stake in Iamgold during the third quarter worth about $130,000. Quantbot Technologies LP acquired a new stake in Iamgold during the second quarter worth about $131,000. Acadian Asset Management LLC acquired a new stake in Iamgold during the second quarter worth about $137,000. Finally, Alliancebernstein L.P. grew its stake in Iamgold by 171.9% during the second quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company’s stock worth $170,000 after buying an additional 20,800 shares in the last quarter. Hedge funds and other institutional investors own 56.08% of the company’s stock.
Iamgold Corporation (NYSE IAG) traded down $0.06 on Friday, hitting $5.37. 4,135,914 shares of the stock were exchanged, compared to its average volume of 4,068,779. Iamgold Corporation has a one year low of $3.16 and a one year high of $7.25. The company has a current ratio of 4.78, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2,496.17, a P/E ratio of 53.70, a P/E/G ratio of 21.06 and a beta of -0.57.
A number of brokerages have issued reports on IAG. TheStreet downgraded shares of Iamgold from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Scotiabank reiterated a “hold” rating on shares of Iamgold in a research note on Tuesday, November 14th. Royal Bank Of Canada set a $7.00 price objective on shares of Iamgold and gave the stock a “hold” rating in a research note on Friday, November 10th. BMO Capital Markets reiterated a “buy” rating and set a $8.00 price objective on shares of Iamgold in a research note on Wednesday, November 8th. Finally, Zacks Investment Research downgraded shares of Iamgold from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.10.
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Iamgold Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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