General American Investors Co. Inc. Buys 623,076 Shares of i-80 Gold Corp. (NYSE:IAUX)

General American Investors Co. Inc. boosted its stake in i-80 Gold Corp. (NYSE:IAUX - Free Report) by 20.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,602,447 shares of the company's stock after purchasing an additional 623,076 shares during the quarter. General American Investors Co. Inc. owned about 0.81% of i-80 Gold worth $2,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of i-80 Gold by 13.2% during the fourth quarter. Bank of New York Mellon Corp now owns 710,802 shares of the company's stock valued at $345,000 after acquiring an additional 83,040 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in i-80 Gold in the 4th quarter valued at $68,000. Sequoia Financial Advisors LLC bought a new stake in i-80 Gold during the 4th quarter valued at $46,000. Commonwealth Equity Services LLC raised its holdings in i-80 Gold by 405.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 140,175 shares of the company's stock worth $68,000 after buying an additional 112,460 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of i-80 Gold by 170.3% during the fourth quarter. Intech Investment Management LLC now owns 164,344 shares of the company's stock valued at $80,000 after buying an additional 103,543 shares during the last quarter. 61.31% of the stock is owned by institutional investors.

i-80 Gold Stock Performance

Shares of i-80 Gold stock traded down $0.02 during trading hours on Thursday, hitting $0.60. 4,314,130 shares of the company's stock traded hands, compared to its average volume of 6,807,506. The stock has a market capitalization of $475.24 million, a price-to-earnings ratio of -1.67 and a beta of 1.18. i-80 Gold Corp. has a 12-month low of $0.34 and a 12-month high of $1.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The company has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.61.

Analyst Upgrades and Downgrades

IAUX has been the subject of a number of analyst reports. National Bankshares reiterated an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Scotiabank lowered their price target on i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating for the company in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada dropped their price objective on i-80 Gold from $2.00 to $1.50 and set an "outperform" rating on the stock in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1.50.

i-80 Gold Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.