Headlands Technologies LLC Sells 40,688 Shares of IAMGOLD Co. (NYSE:IAG)

Headlands Technologies LLC lessened its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 34.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,162 shares of the mining company’s stock after selling 40,688 shares during the period. Headlands Technologies LLC’s holdings in IAMGOLD were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAG. Helikon Investments Ltd increased its holdings in IAMGOLD by 250.5% during the 1st quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock worth $109,429,000 after acquiring an additional 23,485,183 shares during the period. Van ECK Associates Corp increased its holdings in 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 acquiring an additional 3,935,250 shares during the period. Norges Bank bought a new stake in IAMGOLD during the 4th quarter worth approximately $8,642,000. Polunin Capital Partners Ltd increased its holdings in 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 acquiring an additional 968,104 shares during the period. Finally, P Schoenfeld Asset Management LP increased its holdings in IAMGOLD by 11.1% during the 4th quarter. P Schoenfeld Asset Management LP now owns 8,234,284 shares of the mining company’s stock worth $20,833,000 after acquiring an additional 822,149 shares during the period. Institutional investors own 47.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on IAG shares. StockNews.com raised shares of IAMGOLD from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. Scotiabank boosted their price target on shares of IAMGOLD from $4.75 to $5.50 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. BMO Capital Markets reissued an “outperform” rating and issued a $5.00 price target on shares of IAMGOLD in a research note on Thursday, June 6th. Finally, CIBC boosted their price target on shares of IAMGOLD from $4.90 to $5.40 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, IAMGOLD currently has a consensus rating of “Hold” and a consensus price target of $4.73.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at $5.42 on Friday. IAMGOLD Co. has a 52-week low of $1.99 and a 52-week high of $5.49. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 19.34 and a beta of 1.58. The company has a fifty day moving average of $4.52 and a 200-day moving average of $3.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.34.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data 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 net margin of 10.36% and a return on equity of 6.70%. The company had revenue of $385.30 million during the quarter. During the same period last year, the company posted ($0.01) EPS. Equities research analysts expect that IAMGOLD Co. will post 0.41 EPS for the current year.

IAMGOLD Company 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.