State Street Corp Boosts Stock Holdings in i-80 Gold Corp. (NYSE:IAUX)

State Street Corp lifted its holdings in i-80 Gold Corp. (NYSE:IAUX) by 16.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,260,438 shares of the company’s stock after purchasing an additional 596,190 shares during the period. State Street Corp’s holdings in i-80 Gold were worth $4,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IAUX. Rathbones Group PLC bought a new position in i-80 Gold in the second quarter worth approximately $47,000. Murphy Pohlad Asset Management LLC raised its position in shares of i-80 Gold by 240.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after acquiring an additional 36,000 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of i-80 Gold in the 3rd quarter worth $71,000. Creative Planning purchased a new stake in shares of i-80 Gold during the 3rd quarter worth $119,000. Finally, SG Americas Securities LLC boosted its position in i-80 Gold by 142.7% during the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock valued at $121,000 after purchasing an additional 61,337 shares in 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 have commented on IAUX. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. 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. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

i-80 Gold Stock Performance

Shares of IAUX stock opened at $0.51 on Monday. i-80 Gold Corp. has a fifty-two week low of $0.34 and a fifty-two week high of $1.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The stock has a market cap of $152.82 million, a PE ratio of -1.41 and a beta of 1.17.

i-80 Gold Company 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.