i-80 Gold Corp. $IAUX Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its i-80 Gold position by 172,838.6% in the second quarter, adding 838,267 shares to own 838,752 shares valued at approximately $1.21 million.
• Other institutional investors also added or initiated positions, with institutional and hedge-fund ownership reaching 61.31% of i-80 Gold’s outstanding shares.
• IAUX recently traded at $1.75, within its $0.86–$2.24 one-year range, while UBS Group set a $2.60 price target; meanwhile, director John Begeman sold 19,231 shares at an average price of $1.74.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 172,838.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 838,752 shares of the company's stock after purchasing an additional 838,267 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of i-80 Gold worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in IAUX. State of Wisconsin Investment Board bought a new stake in i-80 Gold during the fourth quarter worth approximately $27,000. Deutsche Bank AG bought a new position in shares of i-80 Gold in the fourth quarter valued at $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of i-80 Gold by 49.5% during the 2nd 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 last quarter. Pasadena Private Wealth LLC acquired a new stake in shares of i-80 Gold during the 2nd quarter valued at $36,000. Finally, Cetera Investment Advisers boosted its stake in shares of i-80 Gold by 143.6% during the 4th quarter. Cetera Investment Advisers now owns 26,800 shares of the company's stock worth $39,000 after acquiring an additional 15,800 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company's stock.

i-80 Gold Price Performance

IAUX stock opened at $1.75 on Friday. i-80 Gold Corp. has a one year low of $0.86 and a one year high of $2.24. The firm has a 50-day moving average of $1.57 and a two-hundred day moving average of $1.58. The firm has a market capitalization of $1.52 billion, a PE ratio of -4.86 and a beta of 1.22. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19.

Insider Activity at i-80 Gold

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

Analyst Upgrades and Downgrades

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

i-80 Gold Company Profile

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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