Ameritas Advisory Services LLC Lowers Holdings in IAMGOLD Co. (NYSE:IAG)

Ameritas Advisory Services LLC reduced its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 22,850 shares of the mining company’s stock after selling 2,000 shares during the period. Ameritas Advisory Services LLC’s holdings in IAMGOLD were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC bought a new position in shares of IAMGOLD during the 3rd quarter worth $29,000. Eastern Bank purchased a new stake in IAMGOLD in the third quarter worth about $30,000. Aigen Investment Management LP grew its holdings in IAMGOLD by 10.6% during the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after acquiring an additional 6,704 shares in the last quarter. Geode Capital Management LLC increased its position in IAMGOLD by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock valued at $1,392,000 after purchasing an additional 6,874 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in IAMGOLD by 3.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock valued at $1,154,000 after purchasing an additional 8,972 shares during the period. 47.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IAG has been the topic of a number of recent research reports. StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James decreased their price objective on IAMGOLD from $6.50 to $6.00 and set an “underperform” rating for the company in a research note on Wednesday, January 15th. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Price Performance

Shares of NYSE IAG opened at $6.06 on Friday. IAMGOLD Co. has a fifty-two week low of $2.32 and a fifty-two week high of $6.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The company has a market cap of $3.46 billion, a PE ratio of 4.73 and a beta of 1.56. The business has a 50-day simple moving average of $5.46 and a two-hundred day simple moving average of $5.10.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its earnings results on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. The company had revenue of $438.90 million during the quarter. During the same quarter last year, the business earned ($0.01) earnings per share. As a group, equities analysts expect that IAMGOLD Co. will post 0.58 EPS for the current fiscal 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.