XTX Topco Ltd Acquires New Shares in IAMGOLD Co. (NYSE:IAG)

XTX Topco Ltd bought a new position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,348 shares of the mining company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAG. Van ECK Associates Corp increased its position in shares of IAMGOLD by 8.2% during the 1st quarter. Van ECK Associates Corp now owns 52,053,035 shares of the mining company’s stock worth $173,340,000 after purchasing an additional 3,935,250 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of IAMGOLD by 0.8% during the first quarter. Donald Smith & CO. Inc. now owns 36,077,268 shares of the mining company’s stock valued at $120,137,000 after acquiring an additional 298,959 shares during the last quarter. Helikon Investments Ltd raised its stake in shares of IAMGOLD by 250.5% in the 1st quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock valued at $109,429,000 after acquiring an additional 23,485,183 shares during the period. Vanguard Group Inc. lifted its holdings in shares of IAMGOLD by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 17,678,843 shares of the mining company’s stock worth $58,871,000 after acquiring an additional 168,302 shares during the last quarter. Finally, Polunin Capital Partners Ltd boosted its position in shares of IAMGOLD by 12.1% during the 1st quarter. Polunin Capital Partners Ltd now owns 8,995,059 shares of the mining company’s stock worth $29,954,000 after purchasing an additional 968,104 shares during the period. Hedge funds and other institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Down 4.3 %

Shares of NYSE IAG opened at $5.28 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 18.86 and a beta of 1.58. The business’s fifty day simple moving average is $4.77 and its 200-day simple moving average is $4.10. IAMGOLD Co. has a 12-month low of $1.99 and a 12-month high of $5.60. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. IAMGOLD had a return on equity of 6.70% and a net margin of 10.36%. The company had revenue of $385.30 million for the quarter. During the same period in the prior year, the business earned ($0.01) EPS. As a group, equities analysts predict that IAMGOLD Co. will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IAG. StockNews.com upgraded IAMGOLD from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. CIBC increased their target price on IAMGOLD from $4.90 to $5.40 and gave the stock a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $5.00 target price on shares of IAMGOLD in a research report on Thursday, June 6th. Finally, Scotiabank increased their price target on shares of IAMGOLD from $4.75 to $5.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.73.

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.