485,322 Shares in i-80 Gold Corp. (NYSE:IAUX) Acquired by Millennium Management LLC

Millennium Management LLC bought a new position in i-80 Gold Corp. (NYSE:IAUX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 485,322 shares of the company's stock, valued at approximately $235,000. Millennium Management LLC owned 0.11% of i-80 Gold as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IAUX. Kohmann Bosshard Financial Services LLC increased its position 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 valued at $32,000 after acquiring an additional 54,000 shares during the period. Maia Wealth LLC bought a new position in shares of i-80 Gold in the fourth quarter worth approximately $34,000. Sequoia Financial Advisors LLC bought a new position in shares of i-80 Gold in the fourth quarter worth approximately $46,000. Citadel Advisors LLC bought a new position in shares of i-80 Gold in the fourth quarter worth approximately $53,000. Finally, 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 purchasing an additional 24,740 shares during the period. Hedge funds and other institutional investors own 61.31% of the company's stock.

i-80 Gold Trading Up 0.7%

IAUX traded up $0.00 on Friday, reaching $0.67. 12,985,702 shares of the company traded hands, compared to its average volume of 6,422,206. i-80 Gold Corp. has a one year low of $0.34 and a one year high of $1.26. 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 company has a market cap of $525.20 million, a P/E ratio of -1.85 and a beta of 1.10. The firm has a fifty day simple moving average of $0.58 and a two-hundred day simple moving average of $0.60.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IAUX shares. Scotiabank lowered their price objective 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, June 2nd. National Bankshares reissued an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Royal Bank of Canada cut 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 research note on Monday, June 2nd. Finally, Cormark raised shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $2.17.

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.