Bank of America Corp DE Has $338,000 Stake in i-80 Gold Corp. (NYSE:IAUX)

Bank of America Corp DE boosted its position in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 151.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 696,440 shares of the company's stock after purchasing an additional 419,025 shares during the period. Bank of America Corp DE owned about 0.16% of i-80 Gold worth $338,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC increased its stake in shares of i-80 Gold by 490.9% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company's stock valued at $32,000 after buying an additional 54,000 shares in the last quarter. Maia Wealth LLC bought a new stake in i-80 Gold during the 4th quarter worth about $34,000. Sequoia Financial Advisors LLC acquired a new stake in i-80 Gold in the 4th quarter valued at about $46,000. SG Americas Securities LLC increased its position in i-80 Gold by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company's stock valued at $63,000 after acquiring an additional 24,740 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of i-80 Gold in the fourth quarter worth about $68,000. 61.31% of the stock is owned by institutional investors.

i-80 Gold Trading Up 1.7%

IAUX stock traded up $0.01 during midday trading on Tuesday, reaching $0.71. The company's stock had a trading volume of 7,742,977 shares, compared to its average volume of 6,482,081. The business's 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.60. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a 52 week low of $0.34 and a 52 week high of $1.26. The stock has a market cap of $556.02 million, a PE ratio of -1.96 and a beta of 1.10.

Wall Street Analyst Weigh In

IAUX has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating on the stock in a research note on Monday, June 2nd. Scotiabank reduced their price objective on i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating on the stock in a report on Monday, June 2nd. Cormark raised i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. Finally, National Bankshares restated an "outperform" rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, i-80 Gold has a consensus rating of "Moderate Buy" and a consensus target price of $2.17.

About i-80 Gold

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.