Koshinski Asset Management Inc. Invests $34,000 in IAMGOLD Co. (NYSE:IAG)

Koshinski Asset Management Inc. acquired a new position in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the fourth quarter, Holdings Channel.com reports. The firm acquired 13,300 shares of the mining company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAG. JPMorgan Chase & Co. boosted its holdings in shares of IAMGOLD by 416.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,430,863 shares of the mining company’s stock worth $8,459,000 after purchasing an additional 1,960,562 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of IAMGOLD by 2.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 488,427 shares of the mining company’s stock worth $1,700,000 after purchasing an additional 11,047 shares in the last quarter. Private Advisor Group LLC purchased a new stake in IAMGOLD during the 1st quarter valued at about $41,000. Citigroup Inc. purchased a new stake in IAMGOLD during the 1st quarter valued at about $31,000. Finally, Great West Life Assurance Co. Can boosted its holdings in IAMGOLD by 23.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 36,927 shares of the mining company’s stock valued at $137,000 after acquiring an additional 6,913 shares during the period. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IAG has been the subject of several analyst reports. StockNews.com upgraded IAMGOLD from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. BMO Capital Markets increased their target price on IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, CIBC increased their target price on IAMGOLD from $3.00 to $3.10 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.52.

IAMGOLD Trading Down 0.8 %

IAG opened at $3.54 on Wednesday. The business has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $2.63. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. IAMGOLD Co. has a one year low of $1.99 and a one year high of $3.92.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Thursday, February 15th. The mining company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $297.60 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. Analysts predict that IAMGOLD Co. will post 0.07 EPS for the current year.

About IAMGOLD

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.