i-80 Gold (NYSE:IAUX) Director Ronald Butler Jr Purchases 17,730 Shares

Key Points

• i-80 Gold director Ronald Butler Jr. bought 17,730 shares on March 25 at an average price of $1.41, boosting his ownership by 54.05% to 50,530 shares (about $71,247).
• Institutional investors now own roughly 61.31% of the company, with large recent stakes or increases from Vanguard, Amundi (added ~10.75M shares), Trek Financial, Tidal Investments and Goldman Sachs.
• The stock recently traded at $1.58 with a market cap of $1.36B, a 52‑week range of $0.48–$2.24 and a negative P/E of -4.37, indicating the company is not currently profitable.

i-80 Gold Corp. (NYSE:IAUX - Get Free Report) Director Ronald Butler, Jr. acquired 17,730 shares of the business's stock in a transaction dated Wednesday, March 25th. The stock was purchased at an average price of $1.41 per share, with a total value of $24,999.30. Following the acquisition, the director owned 50,530 shares of the company's stock, valued at approximately $71,247.30. This trade represents a 54.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

i-80 Gold Price Performance

Shares of i-80 Gold stock traded up $0.03 during trading on Friday, hitting $1.58. The stock had a trading volume of 9,348,226 shares, compared to its average volume of 14,782,660. 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 firm has a market cap of $1.36 billion, a P/E ratio of -4.37 and a beta of 1.25. The business has a fifty day moving average of $1.69 and a two-hundred day moving average of $1.46. i-80 Gold Corp. has a fifty-two week low of $0.48 and a fifty-two week high of $2.24.

Institutional Investors Weigh In On i-80 Gold

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in shares of i-80 Gold during the third quarter worth $22,877,000. Trek Financial LLC raised its position in shares of i-80 Gold by 4.7% during the third quarter. Trek Financial LLC now owns 11,173,852 shares of the company's stock worth $10,675,000 after purchasing an additional 504,035 shares during the period. Amundi raised its position in shares of i-80 Gold by 8,598.4% during the fourth quarter. Amundi now owns 10,872,975 shares of the company's stock worth $15,875,000 after purchasing an additional 10,747,975 shares during the period. Tidal Investments LLC raised its position in shares of i-80 Gold by 152.2% during the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company's stock worth $10,093,000 after purchasing an additional 6,375,073 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of i-80 Gold by 68.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,161,339 shares of the company's stock worth $7,536,000 after purchasing an additional 2,105,235 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Company Profile

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.

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