General American Investors Co. Inc. Sells 752,604 Shares of i-80 Gold Corp. $IAUX

General American Investors Co. Inc. cut its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 17.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,474,389 shares of the company’s stock after selling 752,604 shares during the quarter. General American Investors Co. Inc.’s holdings in i-80 Gold were worth $5,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IAUX. Vanguard Group Inc. acquired a new stake in i-80 Gold during the third quarter worth about $22,877,000. Tidal Investments LLC grew its position in i-80 Gold by 152.2% during the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after buying an additional 6,375,073 shares in the last quarter. Jane Street Group LLC grew its position in i-80 Gold by 1,595.1% during the second quarter. Jane Street Group LLC now owns 4,091,149 shares of the company’s stock worth $2,525,000 after buying an additional 3,849,793 shares in the last quarter. Goldman Sachs Group Inc. grew its position in i-80 Gold by 68.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,161,339 shares of the company’s stock worth $7,536,000 after buying an additional 2,105,235 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in i-80 Gold by 162.2% during the third quarter. Two Sigma Investments LP now owns 3,067,517 shares of the company’s stock worth $2,931,000 after buying an additional 1,897,581 shares in the last quarter. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Stock Up 2.8%

NYSE IAUX opened at $1.48 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.59. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -4.11 and a beta of 1.13. i-80 Gold Corp. has a 1-year low of $0.55 and a 1-year high of $2.24.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Steven W. Yopps acquired 50,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $1.47 per share, with a total value of $73,500.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $73,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Arthur Begeman sold 24,356 shares of i-80 Gold stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $1.59, for a total value of $38,726.04. Following the sale, the director directly owned 827,354 shares in the company, valued at $1,315,492.86. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by insiders.

About i-80 Gold

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.