Creative Planning Has $126,000 Position in Iamgold Corporation (IAG)

Creative Planning decreased its position in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 75.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,340 shares of the mining company’s stock after selling 74,100 shares during the period. Creative Planning’s holdings in Iamgold Corporation were worth $126,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Iamgold Corporation by 280.7% in the fourth quarter. AQR Capital Management LLC now owns 45,137 shares of the mining company’s stock worth $175,000 after buying an additional 33,282 shares in the last quarter. Bennicas & Associates Inc. raised its stake in Iamgold Corporation by 5.1% in the first quarter. Bennicas & Associates Inc. now owns 92,200 shares of the mining company’s stock worth $369,000 after buying an additional 4,500 shares in the last quarter. Hexavest Inc. raised its stake in Iamgold Corporation by 73.5% in the first quarter. Hexavest Inc. now owns 3,132,492 shares of the mining company’s stock worth $12,530,000 after buying an additional 1,327,157 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Iamgold Corporation by 10.4% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 165,950 shares of the mining company’s stock worth $663,000 after buying an additional 15,600 shares in the last quarter. Finally, ARP Americas LLC raised its stake in Iamgold Corporation by 122.2% in the first quarter. ARP Americas LLC now owns 46,000 shares of the mining company’s stock worth $184,000 after buying an additional 25,300 shares in the last quarter. Institutional investors own 57.32% of the company’s stock.

Shares of Iamgold Corporation (IAG) traded down 0.37% during mid-day trading on Monday, hitting $5.43. 2,176,463 shares of the company were exchanged. The stock’s market cap is $2.52 billion. Iamgold Corporation has a 12-month low of $3.14 and a 12-month high of $5.71. The stock’s 50-day moving average price is $5.19 and its 200 day moving average price is $4.54.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last announced its earnings results on Wednesday, August 9th. The mining company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The business had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. During the same quarter last year, the firm earned $0.01 EPS. Iamgold Corporation’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that Iamgold Corporation will post $0.04 EPS for the current fiscal year.

IAG has been the topic of a number of analyst reports. Credit Suisse Group upgraded shares of Iamgold Corporation from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $4.50 to $5.00 in a research note on Wednesday, May 10th. Scotiabank upgraded shares of Iamgold Corporation from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 10th. National Bank Financial reiterated an “outperform market weight” rating on shares of Iamgold Corporation in a research note on Sunday, May 14th. BMO Capital Markets set a $5.00 price objective on shares of Iamgold Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th. Finally, Bank of America Corporation upgraded shares of Iamgold Corporation from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 23rd. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Iamgold Corporation has an average rating of “Hold” and a consensus target price of $5.88.

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.

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