Invesco Ltd. Lowers Stake in i-80 Gold Corp. (NYSE:IAUX)

Invesco Ltd. lessened its stake in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 98.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,152 shares of the company's stock after selling 8,042,137 shares during the quarter. Invesco Ltd.'s holdings in i-80 Gold were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IAUX. McAdam LLC increased its position in i-80 Gold by 388.5% in the fourth quarter. McAdam LLC now owns 64,747 shares of the company's stock worth $31,000 after buying an additional 51,493 shares during the last quarter. Kohmann Bosshard Financial Services LLC grew its position in shares of i-80 Gold by 490.9% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company's stock valued at $32,000 after purchasing an additional 54,000 shares in the last quarter. Maia Wealth LLC purchased a new stake in shares of i-80 Gold in the fourth quarter worth $34,000. Sequoia Financial Advisors LLC bought a new stake in shares of i-80 Gold during the 4th quarter valued at about $46,000. Finally, Stratos Wealth Advisors LLC purchased a new position in i-80 Gold in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 61.31% of the company's stock.

Analyst Upgrades and Downgrades

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 report on Friday, March 7th. 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, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, i-80 Gold has an average rating of "Moderate Buy" and a consensus target price of $3.50.

i-80 Gold Stock Down 10.1%

IAUX stock traded down $0.06 during midday trading on Friday, hitting $0.54. The company's stock had a trading volume of 50,659,702 shares, compared to its average volume of 5,921,543. 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 company has a market capitalization of $239.46 million, a price-to-earnings ratio of -1.50 and a beta of 1.24. The business has a 50 day moving average price of $0.62. i-80 Gold Corp. has a 12 month low of $0.34 and a 12 month high of $1.44.

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.