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

Van ECK Associates Corp raised its position in i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 16.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,120,732 shares of the company’s stock after buying an additional 2,121,050 shares during the quarter. Van ECK Associates Corp owned about 5.03% of i-80 Gold worth $17,086,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Norden Group LLC acquired a new position in shares of i-80 Gold during the 1st quarter worth $43,000. Catalina Capital Group LLC grew its stake in shares of i-80 Gold by 265.7% during the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after purchasing an additional 32,075 shares during the period. Oxbow Advisors LLC acquired a new position in shares of i-80 Gold during the 1st quarter worth $127,000. Price T Rowe Associates Inc. MD boosted its position in shares of i-80 Gold by 28.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock worth $78,000 after buying an additional 12,737 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of i-80 Gold in the 1st quarter worth about $10,746,000. 61.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on IAUX. National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. CIBC decreased their price objective on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a research report on Wednesday, July 10th.

i-80 Gold Trading Up 1.9 %

Shares of IAUX stock opened at $1.06 on Wednesday. The stock has a market cap of $318.64 million, a PE ratio of -3.93 and a beta of 1.45. i-80 Gold Corp. has a 1-year low of $0.76 and a 1-year high of $1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.44 and a current ratio of 0.54.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $7.18 million for the quarter. i-80 Gold had a negative return on equity of 21.06% and a negative net margin of 162.24%. On average, equities research analysts forecast that i-80 Gold Corp. will post -0.16 EPS for the current year.

i-80 Gold 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.