Donald Smith & Co. Reports 35.3M Share Stake in IAMGOLD
Ticker: IAG · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 1203464
| Field | Detail |
|---|---|
| Company | Iamgold CORP (IAG) |
| Form Type | SC 13G |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, gold-mining, shareholder-update
TL;DR
**Donald Smith & Co. just disclosed a massive 35.3 million share stake in IAMGOLD, a bullish signal.**
AI Summary
Donald Smith & Co., Inc., a Delaware corporation, reported owning 35,323,075 shares of IAMGOLD Corporation's common stock as of December 31, 2023. This represents a significant passive stake, indicating their belief in the company's long-term value. For current or prospective IAMGOLD shareholders, this filing shows a major institutional investor has a substantial position, which can be a vote of confidence in the company's future performance and stability.
Why It Matters
This filing reveals a major institutional investor's significant stake, signaling their confidence in IAMGOLD's prospects and potentially influencing other investors.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by an institutional holder, generally seen as a positive or neutral event with low risk.
Analyst Insight
A smart investor would view this as a positive signal, suggesting institutional confidence in IAMGOLD. It might warrant further research into IAMGOLD's fundamentals and Donald Smith & Co.'s investment philosophy.
Key Numbers
- 35,323,075 — Shares Owned (Represents the total number of IAMGOLD common shares Donald Smith & Co., Inc. beneficially owns.)
- December 31, 2023 — Reporting Date (The specific date as of which the ownership stake was reported, providing a snapshot of their holdings.)
- 450913108 — CUSIP Number (Unique identifier for IAMGOLD Corporation's common stock, ensuring accurate identification of the security.)
Key Players & Entities
- Donald Smith & Co., Inc. (company) — reporting person and institutional investor
- IAMGOLD Corporation (company) — subject company, issuer of the securities
- 35,323,075 shares (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (person) — date of event requiring the filing
- Delaware (company) — place of organization for Donald Smith & Co., Inc.
Forward-Looking Statements
- Donald Smith & Co., Inc. will maintain a significant stake in IAMGOLD Corporation. (Donald Smith & Co., Inc.) — medium confidence, target: Q2 2024
- IAMGOLD Corporation's stock price will experience increased stability due to institutional backing. (IAMGOLD Corporation) — low confidence, target: Q3 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Donald Smith & Co., Inc., a Delaware Corporation, as stated in Item 1 of the filing.
What is the subject company whose shares are being reported?
The subject company is IAMGOLD Corporation, as identified in the 'Name of Issuer' section of the Schedule 13G.
How many shares of IAMGOLD Corporation's common stock does Donald Smith & Co., Inc. beneficially own?
Donald Smith & Co., Inc. beneficially owns 35,323,075 shares with sole voting power, as detailed in Item 5 of the filing.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the checked box on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 5, 2024 by December 31, 2023 regarding IAMGOLD CORP (IAG).