Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp held its position in Iamgold Corp. (NYSE:IAG) (TSE:IMG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 340,100 shares of the mining company’s stock at the end of the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.08% of Iamgold Corp. worth $1,803,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Iamgold Corp. during the second quarter worth $148,000. Emerald Acquisition Ltd. bought a new stake in shares of Iamgold Corp. during the second quarter valued at approximately $7,656,000. Societe Generale bought a new stake in shares of Iamgold Corp. during the second quarter valued at approximately $148,000. World Asset Management Inc raised its stake in shares of Iamgold Corp. by 10.7% in the second quarter. World Asset Management Inc now owns 24,961 shares of the mining company’s stock valued at $103,000 after buying an additional 2,406 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Iamgold Corp. by 514.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,758,496 shares of the mining company’s stock valued at $11,420,000 after buying an additional 2,309,796 shares during the last quarter. Hedge funds and other institutional investors own 55.13% of the company’s stock.

Institutional Ownership by Quarter for Iamgold Corp. (NYSE:IAG)

Shares of Iamgold Corp. (NYSE:IAG) traded up 0.27% on Tuesday, reaching $3.76. 6,789,197 shares of the company traded hands. The company’s market capitalization is $1.69 billion. The firm has a 50-day moving average of $3.83 and a 200-day moving average of $4.14. Iamgold Corp. has a 52-week low of $1.15 and a 52-week high of $5.87.

Iamgold Corp. (NYSE:IAG) last released its quarterly earnings results on Monday, November 7th. The mining company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Iamgold Corp. had a negative return on equity of 2.05% and a negative net margin of 63.53%. The company earned $282.40 million during the quarter, compared to analysts’ expectations of $258.10 million. During the same quarter in the prior year, the business posted ($0.22) earnings per share. The company’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, equities research analysts forecast that Iamgold Corp. will post $0.03 earnings per share for the current fiscal year.

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Several brokerages have commented on IAG. Scotiabank restated a “sector perform” rating and set a $5.75 target price on shares of Iamgold Corp. in a research report on Tuesday, November 8th. Royal Bank Of Canada upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 8th. RBC Capital Markets upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 8th. Zacks Investment Research lowered shares of Iamgold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Canaccord Genuity upgraded shares of Iamgold Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.27.

Iamgold Corp. Company Profile

IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.

5 Day Chart for NYSE:IAG

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