Jane Street Group LLC Trims Stock Position in i-80 Gold Corp. (NYSE:IAUX)

Jane Street Group LLC lessened its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 57.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 299,911 shares of the company’s stock after selling 406,728 shares during the quarter. Jane Street Group LLC’s holdings in i-80 Gold were worth $346,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rathbones Group PLC purchased a new stake in i-80 Gold in the second quarter valued at approximately $47,000. Murphy Pohlad Asset Management LLC raised its position in i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after purchasing an additional 36,000 shares during the period. Intech Investment Management LLC purchased a new stake in i-80 Gold in the third quarter valued at approximately $71,000. Creative Planning purchased a new stake in i-80 Gold in the third quarter valued at approximately $119,000. Finally, SG Americas Securities LLC raised its position in i-80 Gold by 142.7% in 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 during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Performance

NYSE:IAUX opened at $0.55 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The firm has a market capitalization of $165.90 million, a price-to-earnings ratio of -1.53 and a beta of 1.25. i-80 Gold Corp. has a 52 week low of $0.34 and a 52 week high of $1.78.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, i-80 Gold presently has a consensus rating of “Hold” and an average price target of $3.50.

About i-80 Gold

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.