As Iamgold Corp (IAG) Shares Declined, Donald Smith & Company INC Increased Its Stake

May 3, 2018 - By Jeanette Garcia

IAMGOLD Corporation (NYSE:IAG) Corporate Logo

The holdings In Iamgold Corp (IAG) was upped owned by Donald Smith & Company Inc. According to 2017Q4 SEC form the reduction is 5.45%. The company’s stock declined 9.56% with the market as Donald Smith & Company Inc bought 2.29M shares. At the end of 2017Q4, the institutional investor held 44.24M shares of the precious metals company, valued at $257.90M, up from 41.95 million at the end of the previous reported quarter. $2.60 billion is Iamgold Corp’s MC. Ticker’s shares touched $5.6 during the last trading session after 1.63% change.Currently IAMGOLD Corporation is uptrending after 33.84% change in last May 3, 2017. IAG has 4.20M shares volume. The stock outperformed the S&P500 by 22.29%.

A portfolio of $6.25 billion and $4.14 billion is managed by Donald Smith & Company Inc. As it’s reported in SEC form the stake in American National (NASDAQ:ANAT) is reduced by 40,693 shares to 892,644 shares. They are valued at $114.48 million in 2017Q4. Donald Smith & Company Inc has cut its stake in Euronav Sa and also reduced its holding in Alamos Gold by 584,684 shares in the quarter, for a total of 749,022 shares.

IAMGOLD Corporation (NYSE:IAG) Ratings Coverage

A total of 4 analysts rate IAMGOLD Corp (NYSE:IAG) as follows: 2 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 50% are bullish. The firm has $8.0 highest and $7.0 lowest target. The avg target $7 is 25.00% above the last ($5.6) price. (NYSE:IAG) has 6 ratings reports on 3 May 2018 according to StockzIntelligence. On Monday, December 18 the stock has “Buy” rating by BMO Capital Markets. On Friday, November 10 the stock of IAMGOLD Corporation (NYSE:IAG) has “Hold” rating given by RBC Capital Markets. On Tuesday, November 7 the company was maintained by BMO Capital Markets. On Friday, February 16 the stock of IAMGOLD Corporation (NYSE:IAG) has “Hold” rating given by BMO Capital Markets. The company rating was upgraded by Canaccord Genuity on Wednesday, January 17. On Friday, April 13 Bank of America upgraded the shares of IAG in report to “Buy” rating.

IAMGOLD Corporation (NYSE:IAG) Analyst Ratings Chart

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