This Investor Boosted IAMGOLD by 2.6 Million Shares Amid a 240% Rally | The Motley Fool

Prague-based Pale Fire Capital SE reported a purchase of 2.6 million additional IAMGOLD Corporation shares, increasing its position value by approximately $41.12 million, according to a November 13 SEC filing. What Happened According to a filing with the U.S. Securities and Exchange Commission dated November 13, Pale Fire Capital SE added 2.61 million shares of IAMGOLD Corporation ( IAG +1.67%) during the third quarter. The increased stake brought the fund’s total holding to 3.93 million shares valued at $50.83 million as of September 30. What Else to Know This purchase raised IAMGOLD to 5.56% of Pale Fire Capital SE’s reportable U.S. equity AUM. Top holdings after the filing: NYSEMKT: BTG: $247.58 million (27.14% of AUM) NASDAQ: GRPN: $237.73 million (26.06% of AUM) NYSE: DOLE: $115.42 million (12.65% of AUM) NYSE: IAG: $50.83 million (5.57% of AUM) NYSEMKT: NGD: $44.60 million (4.89% of AUM) As of Friday, IAG shares were priced at $17.61, up a staggering 242% over the past year and vastly outperforming the S&P 500, which is up about 15% in the same period. Company Overview Metric Value Price (as of Friday) $17.61 Market Capitalization $10.44 billion Revenue (TTM) $2.23 billion Net Income (TTM) $344.00 million Company Snapshot IAMGOLD Corporation produces and sells gold, with operations spanning North America, South America, and West Africa. Its primary revenue sources are the Rosebel, Essakane, Westwood, and Côté gold projects. The company operates a vertically integrated mining business model, generating revenue through gold extraction, processing, and sales from wholly and jointly owned mining assets and development projects. IAMGOLD Corporation is a mid-tier gold producer with a diversified asset base and a presence in several key mining regions. Foolish Take Big adds during triple-digit gains tend to make investors nervous, but this move matters because it signals conviction in the durability of IAMGOLD’s reset, not just a trade chasing gold prices. Even after its explosive rally, the stock remains well below prior-cycle highs more than a decade ago, suggesting the market is still recalibrating what this company can earn through a full commodity cycle. Operationally, the narrative has shifted from survival to execution. IAMGOLD’s asset base is no longer defined solely by legacy operations but by a clearer production profile across multiple regions, which helps explain why capital is being redeployed into strength rather than trimmed. Recent results reinforced that theme, with steady production performance and a balance sheet positioned to benefit from higher realized gold prices without the same leverage risk that haunted the company in prior years. This fund’s portfolio is heavily tilted toward cyclical and commodity-linked names, making IAMGOLD a complementary exposure rather than an outlier. With gold equities historically lagging bullion late in rallies, reallocating toward miners with improving fundamentals can be a rational next step. Glossary 13F AUM: The total market value of U.S. equity securities reported by an institutional investment manager in SEC Form 13F filings. Position value: The total market value of a specific investment held by a fund or investor. Stake: The ownership interest or...

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