i-80 Gold Corp. (NYSE:IAUX) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,070 shares of the company’s stock after acquiring an additional 24,740 shares during the period. SG Americas Securities LLC’s holdings in i-80 Gold were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in i-80 Gold by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock worth $170,000 after acquiring an additional 31,315 shares during the last quarter. Tidal Investments LLC raised its position in i-80 Gold by 66.1% during the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after acquiring an additional 7,889,867 shares during the last quarter. Barclays PLC raised its position in i-80 Gold by 117.0% during the third quarter. Barclays PLC now owns 604,069 shares of the company’s stock worth $701,000 after acquiring an additional 325,664 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of i-80 Gold by 22.9% during the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock worth $4,377,000 after buying an additional 702,326 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of i-80 Gold during the third quarter worth about $198,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IAUX shares. 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. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a 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 report on Monday, December 30th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, National Bank Financial upgraded shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Stock Performance

i-80 Gold stock opened at $0.70 on Friday. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.64. The firm has a 50 day moving average of $0.56. The stock has a market capitalization of $308.75 million, a P/E ratio of -1.96 and a beta of 1.29. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19.

i-80 Gold (NYSE:IAUX) last released its earnings results on Tuesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. i-80 Gold had a negative net margin of 231.43% and a negative return on equity of 21.18%. The company had revenue of $11.51 million during the quarter. Sell-side analysts predict that i-80 Gold Corp. will post -0.2 EPS for the current year.

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.