BlackRock Inc. acquired a new position in i-80 Gold Corp. (NYSE:IAUX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,769,118 shares of the company's stock, valued at approximately $6,868,000. BlackRock Inc. owned 0.55% of i-80 Gold at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wisconsin Investment Board acquired a new stake in shares of i-80 Gold during the fourth quarter worth approximately $27,000. Deutsche Bank AG bought a new stake in shares of i-80 Gold in the 4th quarter valued at approximately $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in i-80 Gold by 49.5% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company's stock valued at $32,000 after acquiring an additional 7,420 shares during the period. Cetera Investment Advisers lifted its stake in i-80 Gold by 143.6% in the fourth quarter. Cetera Investment Advisers now owns 26,800 shares of the company's stock valued at $39,000 after buying an additional 15,800 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of i-80 Gold in the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 61.31% of the company's stock.
Analyst Ratings Changes
Separately, UBS Group set a $2.60 price objective on i-80 Gold in a research note on Tuesday, June 2nd.
Check Out Our Latest Stock Report on IAUX
i-80 Gold Stock Performance
NYSE:IAUX opened at $1.79 on Friday. The company's 50 day moving average is $1.54 and its 200-day moving average is $1.58. 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 12 month low of $0.79 and a 12 month high of $2.24. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -4.97 and a beta of 1.22.
Insiders Place Their Bets
In other i-80 Gold news, Director John Begeman sold 19,231 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the sale, the director owned 827,354 shares of the company's stock, valued at $1,439,595.96. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.42% of the stock is currently owned by insiders.
i-80 Gold Profile
(
Free Report)
i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.
The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.
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