Charles Schwab Investment Management Inc. Sells 185,115 Shares of IAMGOLD Co. (NYSE:IAG)

Charles Schwab Investment Management Inc. lessened its stake in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,585,046 shares of the mining company’s stock after selling 185,115 shares during the period. Charles Schwab Investment Management Inc.’s holdings in IAMGOLD were worth $8,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tobam bought a new position in IAMGOLD during the 4th quarter valued at approximately $25,000. Blue Trust Inc. raised its position in IAMGOLD by 157.1% during the 4th 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 last quarter. Raab & Moskowitz Asset Management LLC bought a new position in IAMGOLD during the 4th quarter valued at approximately $56,000. Atria Wealth Solutions Inc. bought a new position in IAMGOLD during the 4th quarter valued at approximately $68,000. Finally, Choreo LLC bought a new position in IAMGOLD during the 4th quarter valued at approximately $88,000. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Performance

IAMGOLD stock opened at $6.05 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.46 billion, a P/E ratio of 4.17 and a beta of 1.63. The stock’s 50 day moving average is $5.93 and its 200 day moving average is $5.55. IAMGOLD Co. has a twelve month low of $3.01 and a twelve month high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $469.90 million for the quarter, compared to analysts’ expectations of $498.68 million. On average, equities research analysts predict that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com lowered IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, CIBC upped their target price on IAMGOLD from $7.60 to $8.40 and gave the stock an “outperformer” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, IAMGOLD has an average rating of “Moderate Buy” and an average price target of $6.90.

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.