i-80 Gold Corp. (NYSE:IAUX) Stake Increased by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 231.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 994,388 shares of the company's stock after acquiring an additional 694,477 shares during the quarter. Jane Street Group LLC owned approximately 0.23% of i-80 Gold worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of i-80 Gold by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company's stock worth $170,000 after buying an additional 31,315 shares in the last quarter. SG Americas Securities LLC lifted its position in i-80 Gold by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company's stock valued at $63,000 after buying an additional 24,740 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its position in i-80 Gold by 207.5% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 156,800 shares of the company's stock valued at $76,000 after buying an additional 105,800 shares in the last quarter. McAdam LLC lifted its position in i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company's stock valued at $31,000 after buying an additional 51,493 shares in the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new position in i-80 Gold during the fourth quarter valued at approximately $48,000. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Stock Up 1.4%

Shares of NYSE:IAUX traded up $0.01 during midday trading on Tuesday, reaching $0.55. The company had a trading volume of 9,678,179 shares, compared to its average volume of 6,064,069. 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 stock's fifty day moving average price is $0.56 and its 200-day moving average price is $0.60. The stock has a market capitalization of $436.15 million, a P/E ratio of -1.54 and a beta of 1.24. i-80 Gold Corp. has a one year low of $0.34 and a one year high of $1.26.

Analysts Set New Price Targets

IAUX has been the topic of a number of recent research reports. Scotiabank reduced their price target on shares of i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating on the stock in a research report on Monday. Cormark raised shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Royal Bank of Canada reduced their target price on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating on the stock in a research report on Monday. Finally, National Bankshares reissued an "outperform" rating on shares of i-80 Gold in a research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $2.17.

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.