i-80 Gold Corp. $IAUX Shares Sold by Amundi

Key Points

• Amundi cut its i-80 Gold stake by 98.1% in the second quarter, selling 9.49 million shares and retaining 182,260 shares valued at approximately $262,000.
• Other institutional activity was mixed: Pale Fire Capital and Groupe la Française increased their positions, while BlackRock, Legal & General, and McAlvany Wealth Management initiated stakes. Institutional investors collectively own 61.31% of the company.
• i-80 Gold shares were up 6.1%, opening at $1.75, while UBS set a $2.60 price target. Director John Begeman separately sold 19,231 shares, reducing his position by 2.27%.

Amundi lessened its stake in i-80 Gold Corp. (NYSE:IAUX - Free Report) by 98.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,260 shares of the company's stock after selling 9,487,442 shares during the quarter. Amundi's holdings in i-80 Gold were worth $262,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pale Fire Capital SE boosted its stake in shares of i-80 Gold by 0.8% during the 1st quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company's stock worth $31,681,000 after acquiring an additional 174,741 shares in the last quarter. Groupe la Francaise boosted its position in i-80 Gold by 1.8% during the second quarter. Groupe la Francaise now owns 5,600,000 shares of the company's stock worth $8,137,000 after purchasing an additional 100,000 shares in the last quarter. BlackRock Inc. purchased a new stake in i-80 Gold during the second quarter worth $6,868,000. Legal & General Group Plc acquired a new stake in i-80 Gold in the second quarter valued at $4,810,000. Finally, McAlvany Wealth Management LLC purchased a new position in shares of i-80 Gold in the first quarter valued at $3,536,000. Hedge funds and other institutional investors own 61.31% of the company's stock.

i-80 Gold Stock Up 6.1%

Shares of NYSE:IAUX opened at $1.75 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.52 billion, a P/E ratio of -4.86 and a beta of 1.22. i-80 Gold Corp. has a 52-week low of $0.86 and a 52-week high of $2.24. The stock's fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.56.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other i-80 Gold news, Director John Begeman sold 19,231 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $1.74, for a total value of $33,461.94. Following the transaction, the director directly owned 827,354 shares in the company, valued at approximately $1,439,595.96. This represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company's stock.

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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