i-80 Gold Corp. $IAUX Shares Newly Acquired by JGP Global Gestao de Recursos Ltda.

Key Points

• JGP Global Gestao de Recursos acquired 6 million i-80 Gold shares worth approximately $9.96 million, giving it a 0.69% stake and making i-80 Gold its second-largest holding.
• Institutional investors and hedge funds own 61.31% of i-80 Gold, with several firms recently initiating or increasing positions.
• Director John Begeman sold 19,231 shares at an average price of $1.74, while IAUX recently traded at $1.52 and remains within a 12-month range of $0.89 to $2.24.

JGP Global Gestao de Recursos Ltda. bought a new position in i-80 Gold Corp. (NYSE:IAUX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,000,000 shares of the company's stock, valued at approximately $9,960,000. i-80 Gold accounts for approximately 23.3% of JGP Global Gestao de Recursos Ltda.'s holdings, making the stock its 2nd biggest position. JGP Global Gestao de Recursos Ltda. owned approximately 0.69% of i-80 Gold at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of i-80 Gold by 49.5% during 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. Pasadena Private Wealth LLC purchased a new position in i-80 Gold during the 2nd quarter worth approximately $36,000. Empowered Funds LLC purchased a new position in i-80 Gold during the 1st quarter worth approximately $43,000. Two Sigma Securities LLC acquired a new stake in i-80 Gold during the 2nd quarter valued at $43,000. Finally, DGS Capital Management LLC acquired a new stake in i-80 Gold during the 4th quarter valued at $49,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at i-80 Gold

In other news, Director John Begeman sold 19,231 shares of i-80 Gold stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total transaction of $33,461.94. Following the transaction, the director owned 827,354 shares in the company, valued at approximately $1,439,595.96. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.42% of the company's stock.

i-80 Gold Price Performance

IAUX opened at $1.52 on Friday. The stock has a fifty day moving average of $1.70 and a 200-day moving average of $1.57. The firm has a market capitalization of $1.32 billion, a P/E ratio of -4.22 and a beta of 1.23. i-80 Gold Corp. has a 12-month low of $0.89 and a 12-month high of $2.24. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

About i-80 Gold

i-80 Gold Corp. is a Canadian mining company focused on the exploration, development and production of gold and other precious metals in Nevada. The company's portfolio includes advanced-stage projects and exploration properties located within established gold-producing trends in the state.

Its principal assets include the Ruby Hill, Granite Creek, McCoy-Cove and Lone Tree projects. These properties contain underground and open-pit mineralization, while the company is also evaluating processing and infrastructure options intended to support future production.

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