Flat Footed LLC Purchases Shares of 1,807,864 i-80 Gold Corp. $IAUX

Flat Footed LLC bought a new position in i-80 Gold Corp. (NYSE:IAUX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,807,864 shares of the company's stock, valued at approximately $2,603,324. i-80 Gold accounts for approximately 0.0% of Flat Footed LLC's holdings, making the stock its 16th biggest position. Flat Footed LLC owned approximately 0.21% of i-80 Gold at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Banco BTG Pactual S.A. acquired a new position in shares of i-80 Gold in the 2nd quarter worth approximately $25,000. State of Wisconsin Investment Board purchased a new stake in i-80 Gold during the 4th quarter worth about $27,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of 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 purchasing an additional 7,420 shares in the last quarter. Deutsche Bank AG purchased a new stake in i-80 Gold in the 4th quarter worth about $32,000. Finally, Pasadena Private Wealth LLC acquired a new stake in i-80 Gold during the second quarter worth $36,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

i-80 Gold Stock Down 3.4%

Shares of NYSE IAUX traded down $0.07 during midday trading on Friday, hitting $1.85. The company's stock had a trading volume of 11,266,928 shares, compared to its average volume of 12,635,084. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -5.15 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 business's fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $1.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Analysts Set New Price Targets

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

About i-80 Gold

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.