Van ECK Associates Corp Sells 373,491 Shares of i-80 Gold Corp. $IAUX

Van ECK Associates Corp lowered its holdings in i-80 Gold Corp. (NYSE:IAUX) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,420,973 shares of the company’s stock after selling 373,491 shares during the period. Van ECK Associates Corp’s holdings in i-80 Gold were worth $30,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. bought a new position in i-80 Gold during the third quarter valued at about $22,877,000. Pale Fire Capital SE increased its position in shares of i-80 Gold by 0.8% during the first quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company’s stock valued at $31,681,000 after purchasing an additional 174,741 shares during the period. Amundi raised its stake in shares of i-80 Gold by 8,598.4% in the fourth quarter. Amundi now owns 10,872,975 shares of the company’s stock valued at $15,875,000 after purchasing an additional 10,747,975 shares in the last quarter. Tidal Investments LLC raised its stake in shares of i-80 Gold by 152.2% in the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock valued at $10,093,000 after purchasing an additional 6,375,073 shares in the last quarter. Finally, Groupe la Francaise lifted its position in i-80 Gold by 66.7% in the first quarter. Groupe la Francaise now owns 5,500,000 shares of the company’s stock worth $8,315,000 after purchasing an additional 2,200,000 shares during the period. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Price Performance

NYSE IAUX opened at $1.85 on Monday. The stock’s 50 day simple moving average is $1.50 and its 200 day simple moving average is $1.59. i-80 Gold Corp. has a one year low of $0.77 and a one year high of $2.24. The firm has a market cap of $1.60 billion, a PE ratio of -5.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Analyst Upgrades and Downgrades

Separately, UBS Group set a $2.60 price target on shares of i-80 Gold in a report on Tuesday, June 2nd.

i-80 Gold Company Profile

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.