Geode Capital Management LLC Has $4.38 Million Position in i-80 Gold Corp. (NYSE:IAUX)

Geode Capital Management LLC boosted its position in i-80 Gold Corp. (NYSE:IAUX) by 22.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,773,197 shares of the company’s stock after acquiring an additional 702,326 shares during the quarter. Geode Capital Management LLC’s holdings in i-80 Gold were worth $4,377,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. General American Investors Co. Inc. bought a new position in i-80 Gold in the third quarter valued at about $3,092,000. Van ECK Associates Corp boosted its holdings in shares of i-80 Gold by 16.3% during the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after acquiring an additional 2,121,050 shares in the last quarter. Renaissance Technologies LLC acquired a new position in i-80 Gold in the 2nd quarter worth about $1,401,000. State Street Corp grew its holdings in shares of i-80 Gold by 16.3% during the third quarter. State Street Corp now owns 4,260,438 shares of the company’s stock worth $4,942,000 after purchasing an additional 596,190 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of i-80 Gold by 117.0% during the third quarter. Barclays PLC now owns 604,069 shares of the company’s stock valued at $701,000 after acquiring an additional 325,664 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IAUX. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Finally, Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, i-80 Gold currently has a consensus rating of “Hold” and a consensus price target of $3.50.

i-80 Gold Price Performance

Shares of i-80 Gold stock opened at $0.59 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a 52 week low of $0.34 and a 52 week high of $1.78. The company has a market capitalization of $176.39 million, a price-to-earnings ratio of -1.63 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.