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

General American Investors Co. Inc. boosted its position in i-80 Gold Corp. (NYSE:IAUX - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in i-80 Gold by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company's stock valued at $43,000 after buying an additional 29,339 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of i-80 Gold in the 4th quarter worth approximately $46,000. Citadel Advisors LLC acquired a new position in shares of i-80 Gold in the 4th quarter worth approximately $53,000. Raymond James Financial Inc. acquired a new position in shares of i-80 Gold in the 4th quarter worth approximately $68,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of i-80 Gold by 405.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 140,175 shares of the company's stock worth $68,000 after purchasing an additional 112,460 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors.

i-80 Gold Stock Performance

IAUX stock traded down $0.00 on Friday, reaching $0.60. 2,020,446 shares of the company were exchanged, compared to its average volume of 6,825,860. i-80 Gold Corp. has a 12 month low of $0.34 and a 12 month high of $1.26. The stock's fifty day moving average price is $0.60 and its 200 day moving average price is $0.62. The firm has a market capitalization of $474.61 million, a PE ratio of -1.67 and a beta of 1.18. 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

Several research analysts have commented on IAUX shares. Scotiabank decreased their target price on shares of i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating for the company in a report on Monday, June 2nd. Royal Bank Of Canada decreased their target price on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a report on Monday, June 2nd. Finally, National Bankshares reiterated an "outperform" rating on shares of i-80 Gold in a report on Wednesday, April 2nd. Two 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. According to MarketBeat, i-80 Gold presently has an average rating of "Moderate Buy" and an average price target of $1.50.

About i-80 Gold

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.