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Published on 28 Sep 2020 on Insider Monkey via Yahoo Finance

Hedge Funds Are Piling Into IAMGOLD Corporation (IAG)


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The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Since the end of March, investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned more than 50% since its bottom. In this article you are going to find out whether hedge funds thought IAMGOLD Corporation (NYSE:IAG) was a good investment heading into the third quarter and how the stock traded in comparison to the top hedge fund picks.

IAMGOLD Corporation (NYSE:IAG) has experienced an increase in hedge fund interest lately. IAMGOLD Corporation (NYSE:IAG) was in 18 hedge funds' portfolios at the end of the second quarter of 2020. The all time high for this statistics is 17. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 17 hedge funds in our database with IAG positions at the end of the first quarter. Our calculations also showed that IAG isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks).

NYSE.IAG price evolution
ASX.IAG price evolution

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