IAMGOLD Corporation (NYSE:IAG) went up to recover about 53.95% since recording its record low price of $2.28. The stock experienced 0.86% jump, arriving at $3.51 on 7/11/2019. During the day, the stock price traveled from $3.43 to $3.54. This company shares are 117.95% off its target price of $7.65 and the current market capitalization stands at $1.64B. The recent change has given its price a 23.26% lead over SMA 50 and -42.46% deficit over its 52-week high. The stock witnessed 28.1% gains, 1.45% gains and -8.36% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IAG’s volatility during a week at 3.86% and during a month it has been found around 4.63%.

What Does IAMGOLD Corporation (IAG) Do?

The company describes itself in regulatory filings as, “IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/IAG/profile under company description.]

IAMGOLD Corporation (IAG) Top Holders

Institutional investors currently hold around $929 million or 76.8% in IAG stock. Look at its top three institutional owners: Van Eck Associates Corp owns $233.61 million in IAMGOLD Corporation, which represents roughly 14.24% of the company’s market cap and approximately 25.15% of the institutional ownership. Similar statistics are true for the second largest owner, Donald Smith & Co., Inc., which owns 28,821,746 shares of the stock are valued at $100.3 million. The third largest holder is Renaissance Technologies Llc, which currently holds $80.53 million worth of this stock and that ownership represents nearly 4.91% of its market capitalization.

IAMGOLD Corporation 13F Filings

At the end of March reporting period, 73 institutional holders increased their position in IAMGOLD Corporation (NYSE:IAG) by some 34,190,915 shares, 60 decreased positions by 47,202,329 and 38 held positions by 185,527,767. That puts total institutional holdings at 266,921,011 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 7,193,026 shares while 19 institutional investors sold out their entire positions totaling 13,808,953 shares.

IAMGOLD Corporation (IAG) Analyst Guide

Several analysts have released their opinion on IAMGOLD Corporation (NYSE:IAG), with 2 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 4 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.54 average brokerage recommendation [T1].