As Imgold Corp (Prn) (IAG) Market Value Declined, Heartland Advisors INC Raised Its Holding by $17.19 Million

January 13, 2018 - By Winifred Garcia

Heartland Advisors Inc increased its stake in Imgold Corp (Prn) (IAG) by 372.11% based on its latest 2017Q3 regulatory filing with the SEC. Heartland Advisors Inc bought 2.86 million shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 3.63 million shares of the precious metals company at the end of 2017Q3, valued at $22.22 million, up from 769,850 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Imgold Corp (Prn) for a number of months, seems to be bullish on the $2.79B market cap company. The stock increased 5.01% or $0.29 during the last trading session, reaching $6.08. About 6.26M shares traded or 49.25% up from the average. IAMGOLD Corporation (NYSE:IAG) has risen 21.20% since January 13, 2017 and is uptrending. It has outperformed by 4.50% the S&P500.

Heartland Advisors Inc, which manages about $6.06B and $1.55 billion US Long portfolio, decreased its stake in Equity Commonwealth (NYSE:EQC) by 279,360 shares to 415,815 shares, valued at $12.64M in 2017Q3, according to the filing. It also reduced its holding in Park Electrochemical Corp (NYSE:PKE) by 198,648 shares in the quarter, leaving it with 1.09M shares, and cut its stake in Lgi Homes Inc (NASDAQ:LGIH).

Another recent and important IAMGOLD Corporation (NYSE:IAG) news was published by Nasdaq.com which published an article titled: “The Zacks Analyst Blog Highlights: Golden Star, IAMGOLD, Global Partners, CVR …” on January 12, 2018.

IAMGOLD Corporation (NYSE:IAG) Ratings Coverage

Among 13 analysts covering Iamgold Corp (NYSE:IAG), 3 have Buy rating, 3 Sell and 7 Hold. Therefore 23% are positive. Iamgold Corp had 43 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $8.0 target in Sunday, October 1 report. Howard Weil downgraded the shares of IAG in report on Wednesday, May 18 to “Underperform” rating. On Tuesday, June 6 the stock rating was maintained by BMO Capital Markets with “Hold”. Goldman Sachs upgraded the shares of IAG in report on Friday, February 12 to “Neutral” rating. On Wednesday, September 6 the stock rating was upgraded by IBC to “Outperformer”. Scotia Capital upgraded the stock to “Sector Perform” rating in Thursday, May 11 report. RBC Capital Markets maintained IAMGOLD Corporation (NYSE:IAG) on Thursday, July 27 with “Hold” rating. The firm has “Hold” rating given on Friday, November 10 by RBC Capital Markets. The stock of IAMGOLD Corporation (NYSE:IAG) earned “Underweight” rating by Morgan Stanley on Wednesday, November 25. BMO Capital Markets upgraded it to “Buy” rating and $7.5 target in Tuesday, August 22 report.

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