Banque Cantonale Vaudoise Trims Holdings in IAMGOLD Co. (NYSE:IAG)

Banque Cantonale Vaudoise decreased its stake in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 32.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,051 shares of the mining company’s stock after selling 4,889 shares during the period. Banque Cantonale Vaudoise’s holdings in IAMGOLD were worth $53,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in shares of IAMGOLD in the third quarter worth $29,000. Eastern Bank purchased a new stake in shares of IAMGOLD in the 3rd quarter valued at about $30,000. Aigen Investment Management LP boosted its position in shares of IAMGOLD by 10.6% during the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock valued at $368,000 after acquiring an additional 6,704 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of IAMGOLD by 3.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock worth $1,154,000 after purchasing an additional 8,972 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in shares of IAMGOLD by 92.9% in the second quarter. Continuum Advisory LLC now owns 20,450 shares of the mining company’s stock worth $77,000 after purchasing an additional 9,850 shares during the last quarter. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Price Performance

Shares of NYSE:IAG opened at $5.70 on Friday. IAMGOLD Co. has a 12-month low of $2.11 and a 12-month high of $6.37. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $5.34 and its 200-day moving average price is $4.62. The stock has a market capitalization of $3.26 billion, a P/E ratio of 4.45 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IAG shares. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a research note on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Scotiabank raised their price objective on IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, IAMGOLD currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.68.

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.