IAMGOLD Target of Unusually High Options Trading (NYSE:IAG)

IAMGOLD Co. ( NYSE:IAG – Get Free Report ) (TSE:IMG) was the recipient of unusually large options trading activity on Friday. Investors purchased 4,720 call options on the company.

This represents an increase of approximately 116% compared to the average volume of 2,183 call options. Institutional Inflows and Outflows A number of large investors have recently modified their holdings of IAG. Donald Smith & CO.



Inc. raised its position in IAMGOLD by 0.7% in the fourth quarter.

Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company’s stock valued at $161,167,000 after purchasing an additional 216,751 shares during the last quarter.

RCF Management L.L.C.

acquired a new position in shares of IAMGOLD in the fourth quarter valued at approximately $128,174,000. Vanguard Group Inc. raised its holdings in IAMGOLD by 1.

5% in the 4th quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company’s stock valued at $109,741,000 after buying an additional 321,458 shares during the last quarter.

Millennium Management LLC boosted its position in IAMGOLD by 88.4% during the 4th quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company’s stock worth $53,307,000 after buying an additional 4,846,254 shares during the period.

Finally, American Century Companies Inc. increased its position in IAMGOLD by 25.9% in the 4th quarter.

American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock valued at $52,499,000 after acquiring an additional 2,092,803 shares during the period. 47.

08% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several research analysts have recently commented on the stock. CIBC reaffirmed an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th.

Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. StockNews.com lowered IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock.

Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.90.

IAMGOLD Stock Down 2.3 % Shares of NYSE IAG opened at $6.29 on Friday.

The stock has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $5.59.

IAMGOLD has a 12 month low of $3.44 and a 12 month high of $6.69.

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 company has a market cap of $3.60 billion, a price-to-earnings ratio of 4.

33 and a beta of 1.63. IAMGOLD ( NYSE:IAG – Get Free Report ) (TSE:IMG) last issued its quarterly earnings data 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 company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.

68 million. As a group, analysts forecast that IAMGOLD will post 0.67 earnings per share for the current fiscal year.

IAMGOLD Company Profile ( Get Free Report ) 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. Further Reading Five stocks we like better than IAMGOLD What is a Death Cross in Stocks? MarketBeat Week in Review – 03/24 – 03/28 Profitably Trade Stocks at 52-Week Highs Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low 2 Rising CRM Platform Stocks That Can Surge Higher in 2025 4 Healthcare Stocks With Massive Gains—and More to Come Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.

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