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

Van ECK Associates Corp grew its position in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 16.3% during the third quarter, HoldingsChannel reports. The firm owned 15,120,732 shares of the company’s stock after buying an additional 2,121,050 shares during the period. Van ECK Associates Corp owned 0.05% of i-80 Gold worth $17,086,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norden Group LLC purchased a new stake in shares of i-80 Gold during the first quarter valued at approximately $43,000. SG Americas Securities LLC increased its stake in shares of i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock worth $46,000 after buying an additional 31,425 shares during the last quarter. Rathbones Group PLC bought a new stake in shares of i-80 Gold in the second quarter worth $47,000. Catalina Capital Group LLC increased its stake in shares of i-80 Gold by 265.7% in the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after buying an additional 32,075 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its stake in shares of i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after buying an additional 36,000 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IAUX. National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. CIBC dropped their price target on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a research note on Wednesday, July 10th.

i-80 Gold Stock Up 1.9 %

i-80 Gold stock opened at $1.06 on Wednesday. The firm has a market capitalization of $318.64 million, a price-to-earnings ratio of -3.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.54 and a quick ratio of 0.44. i-80 Gold Corp. has a 12 month low of $0.76 and a 12 month high of $1.88.

i-80 Gold (NYSEAMERICAN:IAUX) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $7.18 million during the quarter. i-80 Gold had a negative return on equity of 21.06% and a negative net margin of 162.24%. As a group, sell-side analysts expect that i-80 Gold Corp. will post -0.16 EPS for the current year.

About i-80 Gold

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.