Simplicity Solutions LLC Increases Position in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Simplicity Solutions LLC increased its holdings in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 466.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,321 shares of the company’s stock after buying an additional 150,141 shares during the quarter. Simplicity Solutions LLC owned 0.06% of i-80 Gold worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IAUX. UBS Group AG grew its stake in i-80 Gold by 17.1% during the 4th quarter. UBS Group AG now owns 41,105 shares of the company’s stock worth $116,000 after buying an additional 5,998 shares during the last quarter. Raymond James & Associates grew its stake in i-80 Gold by 717.0% during the 4th quarter. Raymond James & Associates now owns 173,656 shares of the company’s stock worth $490,000 after buying an additional 152,400 shares during the last quarter. Bank of America Corp DE grew its stake in i-80 Gold by 13,903.2% during the 4th quarter. Bank of America Corp DE now owns 565,590 shares of the company’s stock worth $1,595,000 after buying an additional 561,551 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in i-80 Gold during the 4th quarter worth $276,000. Finally, Barclays PLC lifted its position in i-80 Gold by 22.6% during the 4th quarter. Barclays PLC now owns 52,160 shares of the company’s stock worth $147,000 after acquiring an additional 9,600 shares during the period. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Stock Up 5.8 %

NYSEAMERICAN IAUX opened at $1.27 on Friday. The stock has a market capitalization of $381.76 million, a P/E ratio of -5.52 and a beta of 1.47. i-80 Gold Corp. has a twelve month low of $1.15 and a twelve month high of $2.67. 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) last released its quarterly earnings results 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 return on equity of 20.98% and a negative net margin of 118.74%.

Analyst Ratings Changes

Separately, CIBC lowered their price target on i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating for the company in a research report on Tuesday, April 9th.

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.