Leuthold Group LLC Has $4.52 Million Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Leuthold Group LLC lifted its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 55.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 876,813 shares of the mining company’s stock after purchasing an additional 312,504 shares during the period. Leuthold Group LLC owned about 0.15% of IAMGOLD worth $4,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IAG. Van ECK Associates Corp grew its holdings in IAMGOLD by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after acquiring an additional 4,267,084 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of IAMGOLD by 58.8% during the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock worth $52,735,000 after purchasing an additional 3,732,315 shares during the period. FMR LLC lifted its holdings in shares of IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after purchasing an additional 4,577,599 shares during the period. Bank of Montreal Can grew its stake in shares of IAMGOLD by 130.6% in the third quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock worth $28,385,000 after purchasing an additional 3,049,252 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock valued at $26,452,000 after purchasing an additional 1,795,869 shares during the period. Institutional investors and hedge funds own 47.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IAG shares. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Trading Down 9.0 %

Shares of IAG stock opened at $5.75 on Friday. IAMGOLD Co. has a fifty-two week low of $2.51 and a fifty-two week high of $6.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a 50 day simple moving average of $5.76 and a two-hundred day simple moving average of $5.39. The company has a market cap of $3.28 billion, a P/E ratio of 4.49 and a beta of 1.56.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The company had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. Research analysts forecast that IAMGOLD Co. will post 0.57 earnings per share for the current year.

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.