In this paper we report the effect of divalent cobalt on the structural and magnetic properties of substituted magnetites, Fe 3−x Co x O 4 , with γ =Co 2+ /Fe= 0, 5, 10, 15, 20 and 30 % wt, synthesized by the coprecipitation method. The samples were characterized by Atomic Absorption Spectroscopy, X-ray Diffraction, room temperature Mössbauer Spectroscopy and Vibrating Sample Magnetometry. The effect of Co 2+ was found to depend strongly of the concentration employed in the synthesis process. For γ ≤15 % the Co 2+ promotes the formation of particles more crystalline and with higher saturation magnetization, remanence and coercivity than those obtained in absence of this cation. A sequential increasing of the lattice parameter is observed, as well as a reduction in the hyperfine magnetic field of the Fe 2.5+ sub spectrum, while the hyperfine magnetic field of the Fe 3+ sub spectrum keeps almost constant. For γ =20 % and 30 % the crystallinity of the samples decreases, particle size distribution effects are evidenced and the saturation magnetization decreases drastically. The results suggest that for low Co 2+ contents the substitution of Fe 3+ by Co 2+ at octahedral sites of the inverse spinel system is the dominant effect, while for the highest concentrations used the substitution of Fe 2+ by Co 2+ and the increasing of the particle size distribution are the dominant effects.