Caisse de depot et placement du Quebec Invests $1.24 Million in i-80 Gold Corp. $IAUX

Key Points

• Caisse de dépôt et placement du Québec purchased 856,678 shares of i-80 Gold in the second quarter, valued at approximately $1.24 million and representing a 0.10% stake.
• Institutional ownership remains significant at 61.31%, with major increases from Amundi, Tidal Investments, and Jane Street, while Vanguard and BlackRock established new positions.
• i-80 Gold shares opened at $1.85, compared with a 52-week range of $0.77 to $2.24. UBS Group set a price target of $2.60.

Caisse de depot et placement du Quebec purchased a new stake in i-80 Gold Corp. (NYSE:IAUX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 856,678 shares of the company's stock, valued at approximately $1,244,000. Caisse de depot et placement du Quebec owned 0.10% of i-80 Gold as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in i-80 Gold during the 3rd quarter worth about $22,877,000. Amundi lifted its stake in i-80 Gold by 8,598.4% during the fourth quarter. Amundi now owns 10,872,975 shares of the company's stock valued at $15,875,000 after buying an additional 10,747,975 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of i-80 Gold by 152.2% in the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company's stock worth $10,093,000 after buying an additional 6,375,073 shares during the period. BlackRock Inc. acquired a new position in shares of i-80 Gold in the second quarter worth about $6,868,000. Finally, Jane Street Group LLC increased its position in shares of i-80 Gold by 1,595.1% in the second quarter. Jane Street Group LLC now owns 4,091,149 shares of the company's stock worth $2,525,000 after acquiring an additional 3,849,793 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company's stock.

i-80 Gold Price Performance

NYSE:IAUX opened at $1.85 on Monday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -5.14 and a beta of 1.17. i-80 Gold Corp. has a 1-year low of $0.77 and a 1-year high of $2.24. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The business's fifty day moving average price is $1.50 and its 200 day moving average price is $1.59.

Analysts Set New Price Targets

Separately, UBS Group set a $2.60 price target on shares of i-80 Gold in a report on Tuesday, June 2nd.

i-80 Gold Profile

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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