Raab & Moskowitz Asset Management LLC Takes $56,000 Position in IAMGOLD Co. (NYSE:IAG)

Raab & Moskowitz Asset Management LLC purchased a new position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,923 shares of the mining company’s stock, valued at approximately $56,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tobam acquired a new position in IAMGOLD during the 4th quarter worth $25,000. Blue Trust Inc. lifted its position in shares of IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock worth $47,000 after purchasing an additional 5,511 shares during the last quarter. ORG Partners LLC bought a new position in shares of IAMGOLD during the third quarter worth about $29,000. Eastern Bank acquired a new position in IAMGOLD in the third quarter worth about $30,000. Finally, Aigen Investment Management LP increased its holdings in IAMGOLD by 10.6% in the third quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock valued at $368,000 after buying an additional 6,704 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IAG has been the subject of several research reports. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Stock Up 3.4 %

IAMGOLD stock opened at $6.60 on Thursday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 5.16 and a beta of 1.56. The company has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $5.30. IAMGOLD Co. has a one year low of $2.32 and a one year high of $6.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89.

IAMGOLD 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.