Jane Street Group LLC Acquires 694,477 Shares of i-80 Gold Corp. (NYSE:IAUX)

Jane Street Group LLC boosted its position in i-80 Gold Corp. (NYSE:IAUX - Free Report) by 231.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 994,388 shares of the company's stock after buying an additional 694,477 shares during the period. Jane Street Group LLC owned approximately 0.23% of i-80 Gold worth $477,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IAUX. McAdam LLC grew its holdings in shares of 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 during the last quarter. Kohmann Bosshard Financial Services LLC raised its stake in shares of i-80 Gold by 490.9% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company's stock worth $32,000 after purchasing an additional 54,000 shares during the last quarter. Maia Wealth LLC bought a new position in shares of i-80 Gold in the fourth quarter valued at approximately $34,000. Sequoia Financial Advisors LLC bought a new position in shares of i-80 Gold in the fourth quarter valued at approximately $46,000. Finally, Stratos Wealth Advisors LLC bought a new position in shares of i-80 Gold in the fourth quarter valued at approximately $48,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Stock Performance

NYSE IAUX traded down $0.01 during trading hours on Friday, reaching $0.50. 4,939,248 shares of the company were exchanged, compared to its average volume of 6,030,220. The stock has a market capitalization of $396.50 million, a P/E ratio of -1.40 and a beta of 1.24. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.26. The business's 50 day simple moving average is $0.57 and its 200-day simple moving average is $0.60.

Wall Street Analyst Weigh In

IAUX has been the subject of several analyst reports. Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. National Bankshares reaffirmed 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, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.50.

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.