60,000 Shares in Iamgold Corporation $IAG Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new stake in Iamgold Corporation (NYSE:IAG) (TSE:IMG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,000 shares of the mining company’s stock, valued at approximately $441,000.

Several other large investors have also recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Iamgold by 272.9% in the second quarter. Parallel Advisors LLC now owns 3,584 shares of the mining company’s stock worth $26,000 after purchasing an additional 2,623 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Iamgold by 17.8% during the 1st quarter. Hsbc Holdings PLC now owns 19,973 shares of the mining company’s stock worth $125,000 after buying an additional 3,020 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Iamgold by 10.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,901 shares of the mining company’s stock worth $271,000 after buying an additional 3,562 shares during the period. Summit Securities Group LLC bought a new stake in shares of Iamgold in the 1st quarter valued at about $35,000. Finally, Harvest Portfolios Group Inc. increased its stake in shares of Iamgold by 6.7% in the first quarter. Harvest Portfolios Group Inc. now owns 91,349 shares of the mining company’s stock valued at $570,000 after buying an additional 5,755 shares during the period. Institutional investors own 47.08% of the company’s stock.

Iamgold Price Performance

Shares of IAG opened at $12.68 on Friday. The firm has a market cap of $7.30 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.39 and a beta of 1.22. Iamgold Corporation has a 52-week low of $4.89 and a 52-week high of $14.67. The business’s 50 day moving average price is $11.92 and its two-hundred day moving average price is $8.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.76 and a current ratio of 1.47.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Tuesday, November 4th. The mining company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. The company had revenue of $714.61 million during the quarter, compared to the consensus estimate of $759.45 million. Iamgold had a net margin of 40.61% and a return on equity of 8.54%. On average, equities analysts anticipate that Iamgold Corporation will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IAG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Iamgold in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Iamgold from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $9.00 to $14.00 in a report on Wednesday, September 10th. Raymond James Financial boosted their price target on shares of Iamgold from $9.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, October 10th. CIBC increased their price objective on shares of Iamgold from $10.40 to $19.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised shares of Iamgold from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.25.

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.