Hartree Partners LP Has $2.78 Million Holdings in IAMGOLD Co. (NYSE:IAG)

Hartree Partners LP raised its holdings in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 56.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 538,766 shares of the mining company’s stock after acquiring an additional 193,766 shares during the quarter. IAMGOLD accounts for 1.0% of Hartree Partners LP’s investment portfolio, making the stock its 26th biggest holding. Hartree Partners LP’s holdings in IAMGOLD were worth $2,780,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Tobam bought a new stake in IAMGOLD in the 4th quarter worth about $25,000. Blue Trust Inc. grew its position in shares of 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 in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in IAMGOLD in the fourth quarter valued at approximately $56,000. Atria Wealth Solutions Inc. purchased a new position in IAMGOLD in the fourth quarter worth $68,000. Finally, Choreo LLC purchased a new position in shares of IAMGOLD during the 4th quarter valued at about $88,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

Analyst Ratings Changes

IAG has been the topic of several research analyst reports. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. CIBC reaffirmed an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. StockNews.com downgraded IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.90.

IAMGOLD Stock Down 2.3 %

IAMGOLD stock opened at $6.29 on Friday. The stock has a market cap of $3.60 billion, a PE ratio of 4.33 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD Co. has a 1-year low of $3.44 and a 1-year high of $6.69. The stock’s fifty day moving average is $5.99 and its two-hundred day moving average is $5.59.

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