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Russell Investments Group Ltd. has a stake in IAMGOLD Co. worth $6.70 million (NYSE:IAG)

Russell Investments Group Ltd. has a stake in IAMGOLD Co. worth $6.70 million (NYSE:IAG)

According to the most recent filing that Russell Investments Group Ltd. has made with the SEC, during the third quarter of 2018, the company sold off 12.5% of its holdings in IAMGOLD Co. (NYSE: IAG) (TSE: IMG).

Mhe corporation finished the quarter with a total holding of 6,265,568 shares of the mining company’s stock, despite having sold 893,508 shares throughout the period.

Mhe most recent disclosure that Russell Investments Group Ltd. has made with the SEC indicates that the company holds approximately 1.31% of IAMGOLD, which has a value of $6,703,000 currently.

Several other hedge funds have recently implemented various changes to the proportion of the company’s shares that they own.

During the first three months of the year, the Great West Life Assurance Company of Canada increased the percentage of IAMGOLD shares it owned by 23 percent.

Mhe Great West Life Assurance Company of Canada increased its holdings in the mining company’s stock during the most recent quarter by purchasing an additional 6,913 shares, bringing the total number of shares purchased during that time to 36,927, which resulted in an investment of $137,000.00. Citigroup Inc. started a brand new position in IAMGOLD shares during the first quarter of the fiscal year.

At the time, each share was estimated to be worth approximately $31,000.

During the second quarter, Legal & General Group Plc achieved a 3.7% increase in the proportion of IAMGOLD stock it owned. Following the acquisition of an additional 11,012 shares of the mining company’s stock during the preceding quarter, Legal & General Group Plc now owns a total of 309,954 shares of the stock, which has a market value of $497,000. Raymond James Financial Services Advisors Inc.

Increased the amount of IAMGOLD stock owned by 2.3% over the first three months of 2018. Raymond James Financial Services Advisors Inc.

Is now the mining business’s direct owner of 488,427 shares.

Mhese shares have a value of $1,700,000 and were acquired as a result of the successful completion of the acquisition of an additional 11,047 shares during the most recent quarter.

In the final step of this process, First Trust Advisors LP started a new investment in IAMGOLD shares during the first three months of the year.

Mhis new stake is somewhere in the neighborhood of $40,000 in size.

A total of 48.57 percent of the company’s shares are currently held in institutional investor and hedge fund portfolios.
Recent weeks have seen several research analysts publish their thoughts on the IAG stock they recently issued.

In the research report made public on Tuesday, Raymond James increased their price objective for IAMGOLD by $0.25, from $2.00 to $2.25.

According to the research findings, the company is expected to “underperform.” The previous recommendation for IAMGOLD, “sell,” has been upgraded to a “hold” rating at Stifel Nicolaus.

IAMGOLD was included in the recommendation made by Canaccord Genuity Group in their report that was distributed on December 20 to hold stock, and this recommendation was made overall.

In addition, they increased the price target they had set for the stock from $1.50 to $3.00, which was a significant increase.

As a result of recent market activity, National Bank Financial raised their price estimate on IAMGOLD from $4.00 to $4.10 in a study released on Thursday, January 19.

BMO Capital Markets increased their price target for IAMGOLD from $1.75 to $2.00 and upgraded the company’s rating from “market perform” to “outperform” in a research report published on Tuesday, December 20.

Mhere have been four research analysts who have suggested selling the stock, six research analysts who have suggested maintaining the current holdings, and one research analyst who has suggested purchasing the stock.

Mhe average analyst rating for the stock right now is “Hold,” an

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