<div id="readability-page-1"><p>Bank of America Corp DE boosted its stake in shares of  IAMGOLD Co. (NYSE:IAG - Free Report) <span>TSE: IMG<span></span></span> by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,817,490 shares of the mining company's stock after purchasing an additional 680,192 shares during the quarter. Bank of America Corp DE owned about 1.02% of IAMGOLD worth $30,018,000 at the end of the most recent reporting period.</p><ul><li>These 3 ETFs Let You Hold Real Gold Without the Vault</li></ul><p>A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAG. DGS Capital Management LLC bought a new position in  IAMGOLD during the fourth quarter worth $110,000.  Blue Trust Inc. boosted its position in  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 period.  Synergy Asset Management LLC boosted its position in  IAMGOLD by 117.3% during the fourth quarter. Synergy Asset Management LLC now owns 50,499 shares of the mining company's stock worth $274,000 after purchasing an additional 27,262 shares during the period.  Cibc World Market Inc. boosted its position in  IAMGOLD by 54.0% during the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after purchasing an additional 1,795,869 shares during the period.  Finally, Choreo LLC bought a new position in  IAMGOLD during the fourth quarter worth $88,000. 47.08% of the stock is owned by institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>IAG has been the subject of a number of research analyst reports. CIBC lifted their price objective on shares of IAMGOLD from $8.40 to $9.20 and gave the stock an &#34;outperformer&#34; rating in a research report on Thursday, May 8th. National Bank Financial raised shares of IAMGOLD to a &#34;strong-buy&#34; rating in a research report on Friday, March 21st. BMO Capital Markets initiated coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They issued an &#34;outperform&#34; rating for the company. StockNews.com cut shares of IAMGOLD from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Thursday, February 27th. Finally, Scotiabank boosted their target price on shares of IAMGOLD from $7.50 to $7.75 and gave the company a &#34;sector perform&#34; rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating, three have issued  a buy rating and two have assigned  a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $7.74.</p><ul><li>IAMGOLD Stock Climbs as Turnaround Story Gains Traction</li></ul><p><b>Get Our Latest Research Report on IAMGOLD</b></p><h2>IAMGOLD Stock Up 0.7%</h2><p>IAG stock opened at $6.31 on Friday. The company has a market cap of $3.63 billion, a PE ratio of 4.35 and a beta of 1.20. The business has a 50-day simple moving average of $6.61 and a 200 day simple moving average of $5.96. IAMGOLD Co. has a 52 week low of $3.44 and a 52 week high of $8.38. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. </p><ul><li>Rebalancing in 2025: Here Are 3  Stocks to Buy Under $10</li></ul><p>IAMGOLD (NYSE:IAG - Get Free Report) <span>TSE: IMG<span></span></span> last posted its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $457.23 million during the quarter, compared to the consensus estimate of $578.70 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.  Sell-side analysts anticipate that  IAMGOLD Co. will post 0.67 EPS for the current fiscal year. </p><h2>About IAMGOLD</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than IAMGOLD</li><li>What Are Some of the Best Large-Cap Stocks to Buy?</li><li>Meta's 5 Key Pillars for AI Growth—Zuckerberg's Bold Vision</li><li>What is the Euro STOXX 50 Index?</li><li>Retail Investors Are Betting Big on Rocket Lab—Should You Too?</li><li>How to Calculate Inflation Rate</li><li>GE Aerospace: Qatar Deal Fuels Multi-Billion Dollar Growth Engine</li></ul><p><strong>Want to see what other hedge funds are holding IAG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAMGOLD Co. (NYSE:IAG - Free Report) <span>TSE: IMG<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlBRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlBRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IAMGOLD Right Now?</h2><p>Before you consider IAMGOLD, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAMGOLD wasn't on the list.</p><p>While IAMGOLD currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of America Corp DE increased its stake in IAMGOLD Co. (NYSE:IAG) by 13.2% in Q4, owning 5,817,490 shares valued at $30.02 million. Other institutional investors also adjusted their positions in IAMGOLD. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $7.74. IAMGOLD reported $0.10 EPS for the last quarter, meeting estimates, with revenue of $457.23 million. The company operates gold projects in Canada and Burkina Faso.</p>

- Bank of America Corp DE increased its stake in IAMGOLD Co. by 13.2% in Q4, owning 5,817,490 shares valued at $30 million.  
- Several institutional investors also adjusted their positions in IAMGOLD, with notable increases from Blue Trust Inc. and Synergy Asset Management LLC.  
- IAMGOLD reported a quarterly EPS of $0.10, meeting estimates, while analysts project a full-year EPS of $0.67, reflecting a consensus rating of "Moderate Buy."

Bank of America Corp DE Has $30.02 Million Stake in IAMGOLD Co. (NYSE:IAG)