Renaissance Technologies LLC Acquires 4,793,333 Shares of i-80 Gold Corp. (NYSE:IAUX)

Renaissance Technologies LLC boosted its stake in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 429.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,910,533 shares of the company's stock after buying an additional 4,793,333 shares during the quarter. Renaissance Technologies LLC owned approximately 1.35% of i-80 Gold worth $2,867,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of i-80 Gold by 6.5% in the fourth quarter. Bank of Montreal Can now owns 310,940 shares of the company's stock valued at $149,000 after acquiring an additional 19,018 shares during the period. SG Americas Securities LLC boosted its holdings in i-80 Gold by 23.7% in the 4th 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. JPMorgan Chase & Co. grew its position in shares of i-80 Gold by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company's stock valued at $170,000 after purchasing an additional 31,315 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of i-80 Gold by 14.4% in the fourth quarter. Rhumbline Advisers now owns 372,574 shares of the company's stock worth $181,000 after purchasing an additional 46,951 shares during the period. Finally, McAdam LLC raised its position in shares of 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 in the last quarter. Institutional investors own 61.31% of the company's stock.

i-80 Gold Price Performance

NYSE IAUX traded down $0.01 during trading hours on Wednesday, reaching $0.61. 2,194,407 shares of the stock traded hands, compared to its average volume of 5,693,581. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The firm has a 50 day moving average price of $0.64. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.44. The firm has a market cap of $272.31 million, a P/E ratio of -1.71 and a beta of 1.26.

Analyst Ratings Changes

Several equities analysts recently commented on the company. National Bankshares restated an "outperform" rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. National Bank Financial raised i-80 Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Finally, Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.50.

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.