Point View Wealth Management Inc. lessened its position in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,091 shares of the mining company’s stock after selling 11,674 shares during the quarter. Point View Wealth Management Inc.’s holdings in Iamgold Corporation were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Great West Life Assurance Co. Can increased its position in Iamgold Corporation by 0.6% during the second quarter. Great West Life Assurance Co. Can now owns 79,161 shares of the mining company’s stock valued at $407,000 after acquiring an additional 460 shares during the last quarter. Advisor Group Inc. increased its position in Iamgold Corporation by 2.3% during the second quarter. Advisor Group Inc. now owns 33,950 shares of the mining company’s stock valued at $175,000 after acquiring an additional 750 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Iamgold Corporation by 19.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,990 shares of the mining company’s stock valued at $221,000 after acquiring an additional 6,894 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Iamgold Corporation by 102.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock valued at $110,000 after acquiring an additional 10,773 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Iamgold Corporation by 2.5% during the second quarter. UBS Asset Management Americas Inc. now owns 607,826 shares of the mining company’s stock valued at $3,131,000 after acquiring an additional 14,600 shares during the last quarter. Institutional investors own 53.81% of the company’s stock.

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Iamgold Corporation (NYSE:IAG) traded down $0.08 during midday trading on Tuesday, hitting $5.67. The stock had a trading volume of 2,834,200 shares, compared to its average volume of 7,105,142. The company has a market capitalization of $2,670.00, a price-to-earnings ratio of 57.50, a price-to-earnings-growth ratio of 22.55 and a beta of -0.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.78. Iamgold Corporation has a 1 year low of $3.16 and a 1 year high of $7.25.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Tuesday, November 7th. The mining company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $268.80 million during the quarter, compared to analyst estimates of $268.62 million. Iamgold Corporation had a return on equity of 1.81% and a net margin of 48.66%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. sell-side analysts forecast that Iamgold Corporation will post 0.09 earnings per share for the current fiscal year.

IAG has been the subject of a number of analyst reports. TheStreet upgraded Iamgold Corporation from a “c-” rating to a “b” rating in a research report on Thursday, August 17th. CIBC upgraded Iamgold Corporation from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $6.93 to $7.00 in a research report on Wednesday, September 6th. Scotiabank restated a “hold” rating on shares of Iamgold Corporation in a research report on Tuesday, November 14th. BMO Capital Markets upgraded Iamgold Corporation from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $6.00 to $7.50 in a research report on Tuesday, August 22nd. Finally, Canaccord Genuity cut Iamgold Corporation from a “buy” rating to a “hold” rating and set a $8.07 price target for the company. in a research report on Friday, September 29th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.10.

About Iamgold Corporation

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

Institutional Ownership by Quarter for Iamgold Corporation (NYSE:IAG)

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