Apollon Wealth Management LLC bought a new position in shares of IAMGOLD Co. (NYSE:IAG – Free Report) (TSE:IMG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 20,229 shares of the mining company’s stock, valued at approximately $104,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tobam bought a new stake in IAMGOLD in the 4th quarter valued at $25,000. Eastern Bank bought a new position in shares of IAMGOLD in the third quarter valued at about $30,000. Blue Trust Inc. raised its position in shares of IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after purchasing an additional 5,511 shares during the period. International Assets Investment Management LLC bought a new stake in shares of IAMGOLD during the 3rd quarter worth about $700,000. Finally, Choreo LLC bought a new stake in shares of IAMGOLD during the 4th quarter worth about $88,000. 47.08% of the stock is currently owned by institutional investors.
IAMGOLD Stock Performance
NYSE:IAG opened at $6.34 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD Co. has a fifty-two week low of $2.38 and a fifty-two week high of $6.69. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 4.96 and a beta of 1.56. The stock has a fifty day moving average price of $5.70 and a 200-day moving average price of $5.34.
Analysts Set New Price Targets
Read Our Latest Stock Report on IAG
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.
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