i-80 Gold Corp. (NYSEAMERICAN:IAUX) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,901,905 shares of the company's stock after buying an additional 828,832 shares during the period. Van ECK Associates Corp owned about 3.66% of i-80 Gold worth $19,187,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sprott Inc. boosted its holdings in shares of i-80 Gold by 1.4% during the third quarter. Sprott Inc. now owns 23,028,417 shares of the company's stock worth $35,664,000 after purchasing an additional 325,811 shares during the period. Equinox Partners Investment Management LLC boosted its stake in shares of i-80 Gold by 51.5% during the 4th quarter. Equinox Partners Investment Management LLC now owns 7,739,954 shares of the company's stock valued at $13,618,000 after buying an additional 2,631,954 shares during the period. Euro Pacific Asset Management LLC increased its stake in shares of i-80 Gold by 17.6% in the third quarter. Euro Pacific Asset Management LLC now owns 5,571,905 shares of the company's stock worth $8,425,000 after acquiring an additional 835,370 shares during the last quarter. Swiss National Bank increased its position in i-80 Gold by 3.0% in the 3rd quarter. Swiss National Bank now owns 430,100 shares of the company's stock worth $655,000 after purchasing an additional 12,700 shares during the last quarter. Finally, TD Asset Management Inc raised its position in i-80 Gold by 5.5% during the third quarter. TD Asset Management Inc now owns 370,878 shares of the company's stock valued at $562,000 after acquiring an additional 19,248 shares in the last quarter. Institutional investors own 61.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, CIBC lowered their target price on shares of i-80 Gold from $5.00 to $4.25 and set an "outperformer" rating on the stock in a report on Tuesday, April 9th.

i-80 Gold Price Performance

Shares of IAUX stock traded up $0.02 on Thursday, hitting $1.25. 2,747,762 shares of the company's stock were exchanged, compared to its average volume of 2,884,531. i-80 Gold Corp. has a 12 month low of $1.15 and a 12 month high of $2.67. The company has a market cap of $375.75 million, a P/E ratio of -5.35 and a beta of 1.49. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 0.35.

i-80 Gold (NYSEAMERICAN:IAUX - Get Free Report) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The business had revenue of $25.84 million during the quarter. i-80 Gold had a negative net margin of 118.74% and a negative return on equity of 20.98%.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.