Barclays PLC Sells 152,605 Shares of IAMGOLD Co. (NYSE:IAG)

Barclays PLC decreased its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 23.5% in the third quarter, HoldingsChannel reports. The firm owned 497,377 shares of the mining company’s stock after selling 152,605 shares during the quarter. Barclays PLC’s holdings in IAMGOLD were worth $2,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IAG. ORG Partners LLC bought a new position in shares of IAMGOLD during the third quarter valued at approximately $29,000. Eastern Bank purchased a new stake in shares of IAMGOLD in the 3rd quarter worth about $30,000. TIAA Trust National Association bought a new stake in shares of IAMGOLD during the 2nd quarter valued at about $38,000. WINTON GROUP Ltd purchased a new position in shares of IAMGOLD during the second quarter valued at about $52,000. Finally, Banque Cantonale Vaudoise bought a new position in IAMGOLD in the second quarter worth about $56,000. Hedge funds and other institutional investors own 47.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on IAG. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating and upped their price target for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 price objective on shares of IAMGOLD in a research report on Tuesday, October 22nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.68.

IAMGOLD Price Performance

IAG opened at $5.15 on Wednesday. IAMGOLD Co. has a 1 year low of $2.23 and a 1 year high of $6.37. The stock has a 50-day moving average price of $5.46 and a 200-day moving average price of $4.82. The firm has a market cap of $2.94 billion, a PE ratio of 4.02 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

About IAMGOLD

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.