Bank of America Corp DE Buys 1,371,093 Shares of i-80 Gold Corp. $IAUX

Key Points

• Bank of America acquired 1,371,093 shares of i-80 Gold during the second quarter, valued at approximately $1.97 million and representing about 0.16% of the company.
• Institutional ownership remains significant at 61.31%, with investors including Groupe la Française, BlackRock, Legal & General, and McAlvany Wealth Management increasing or initiating positions.
• i-80 Gold shares opened at $1.66, with a market capitalization of roughly $1.44 billion and a 52-week trading range of $0.89 to $2.24; director John Begeman separately sold 19,231 shares.

Bank of America Corp DE bought a new position in i-80 Gold Corp. (NYSE:IAUX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,371,093 shares of the company's stock, valued at approximately $1,974,000. Bank of America Corp DE owned about 0.16% of i-80 Gold at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pale Fire Capital SE boosted its position in shares of i-80 Gold by 0.8% during the first quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company's stock valued at $31,681,000 after buying an additional 174,741 shares during the period. Groupe la Francaise grew its holdings in shares of i-80 Gold by 66.7% in the first quarter. Groupe la Francaise now owns 5,500,000 shares of the company's stock worth $8,315,000 after purchasing an additional 2,200,000 shares during the last quarter. BlackRock Inc. bought a new position in shares of i-80 Gold in the second quarter worth about $6,868,000. Legal & General Group Plc purchased a new position in i-80 Gold in the 2nd quarter worth about $4,810,000. Finally, McAlvany Wealth Management LLC purchased a new position in i-80 Gold in the 1st quarter worth about $3,536,000. 61.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John Begeman sold 19,231 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total transaction of $33,461.94. Following the transaction, the director owned 827,354 shares of the company's stock, valued at approximately $1,439,595.96. This represents a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company's stock.

i-80 Gold Price Performance

Shares of IAUX stock opened at $1.66 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The company has a market capitalization of $1.44 billion, a P/E ratio of -4.61 and a beta of 1.22. The company's 50-day simple moving average is $1.66 and its two-hundred day simple moving average is $1.56. i-80 Gold Corp. has a one year low of $0.89 and a one year high of $2.24.

About i-80 Gold

i-80 Gold Corp. is a mineral exploration and development company focused on advancing gold projects in Nevada. The company's portfolio includes the McCoy-Cove, Granite Creek, Ruby Hill and Lone Tree properties, which support exploration, resource development and plans for future mine production.

Its activities include geological exploration, drilling, mine development and the evaluation of processing and infrastructure opportunities. The company's projects contain gold deposits and may also include silver and other mineralization.

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