Millennium Management LLC Invests $235,000 in i-80 Gold Corp. (NYSE:IAUX)

Millennium Management LLC acquired a new stake in i-80 Gold Corp. (NYSE:IAUX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 485,322 shares of the company's stock, valued at approximately $235,000. Millennium Management LLC owned about 0.11% of i-80 Gold at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IAUX. Renaissance Technologies LLC grew its stake in i-80 Gold by 429.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company's stock valued at $2,867,000 after acquiring an additional 4,793,333 shares in the last quarter. Trek Financial LLC grew its position in i-80 Gold by 246.6% during the fourth quarter. Trek Financial LLC now owns 6,541,417 shares of the company's stock valued at $3,173,000 after acquiring an additional 4,653,867 shares during the last quarter. NewGen Asset Management Ltd purchased a new position in i-80 Gold in the 4th quarter worth $1,415,000. Amitell Capital Pte Ltd purchased a new position in shares of i-80 Gold in the fourth quarter worth about $590,000. Finally, Jane Street Group LLC lifted its position in i-80 Gold by 231.6% in the fourth quarter. Jane Street Group LLC now owns 994,388 shares of the company's stock valued at $477,000 after purchasing an additional 694,477 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company's stock.

Analysts Set New Price Targets

IAUX has been the subject of several recent analyst reports. National Bankshares reaffirmed an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their price target on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a research note on Monday, June 2nd. Cormark raised i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Finally, Scotiabank reduced their target price on 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. 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $2.17.

i-80 Gold Stock Performance

NYSE:IAUX traded up $0.00 on Thursday, hitting $0.66. The stock had a trading volume of 13,158,529 shares, compared to its average volume of 6,372,100. The business's 50-day simple moving average is $0.57 and its two-hundred day simple moving average is $0.60. 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 stock has a market cap of $521.74 million, a price-to-earnings ratio of -1.84 and a beta of 1.10. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.26.

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.