Apollon Wealth Management LLC Acquires Shares of 20,229 IAMGOLD Co. (NYSE:IAG)

Apollon Wealth Management LLC bought a new position in shares of IAMGOLD Co. (NYSE:IAGFree 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

Several research analysts have weighed in on the stock. StockNews.com raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.57.

Read Our Latest Stock Report on IAG

IAMGOLD Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for IAMGOLD (NYSE:IAG)

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