Clear Harbor Asset Management LLC Buys 17,533 Shares of i-80 Gold Corp. $IAUX

Clear Harbor Asset Management LLC raised its stake in i-80 Gold Corp. (NYSE:IAUX) by 48.5% during the second quarter, HoldingsChannel.com reports. The fund owned 53,655 shares of the company’s stock after purchasing an additional 17,533 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in i-80 Gold were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC grew its position in shares of i-80 Gold by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock valued at $43,000 after purchasing an additional 29,339 shares in the last quarter. Citadel Advisors LLC bought a new position in i-80 Gold during the fourth quarter valued at approximately $53,000. Atria Wealth Solutions Inc. bought a new position in i-80 Gold during the first quarter valued at approximately $59,000. Rathbones Group PLC grew its holdings in i-80 Gold by 113.8% during the 1st quarter. Rathbones Group PLC now owns 112,740 shares of the company’s stock valued at $66,000 after buying an additional 60,000 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in i-80 Gold by 19.7% in the 4th quarter. Mackenzie Financial Corp now owns 178,714 shares of the company’s stock worth $86,000 after acquiring an additional 29,386 shares during the last quarter. Institutional investors own 61.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on IAUX shares. Royal Bank Of Canada lowered their target price on i-80 Gold from $2.00 to $1.50 and set an “outperform” rating for the company in a research report on Monday, June 2nd. Scotiabank lowered their price objective on shares of i-80 Gold from $2.25 to $1.50 and set a “sector outperform” rating for the company in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1.50.

i-80 Gold Stock Performance

NYSE IAUX opened at $0.95 on Wednesday. The business’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.65. i-80 Gold Corp. has a fifty-two week low of $0.34 and a fifty-two week high of $1.26. The company has a market cap of $775.82 million, a P/E ratio of -2.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

i-80 Gold Profile

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.