TD Asset Management Inc Increases Stock Position in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

TD Asset Management Inc raised its holdings in i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 119.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 428,724 shares of the company’s stock after purchasing an additional 233,677 shares during the period. TD Asset Management Inc owned 0.14% of i-80 Gold worth $451,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norden Group LLC acquired a new position in shares of i-80 Gold in the first quarter valued at approximately $43,000. SG Americas Securities LLC raised its position in shares of i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after buying an additional 31,425 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of i-80 Gold in the fourth quarter valued at approximately $47,000. Catalina Capital Group LLC raised its position in shares of i-80 Gold by 265.7% in the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after buying an additional 32,075 shares during the last quarter. Finally, HTLF Bank increased its position in i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock worth $65,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, CIBC dropped their price target on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a research report on Wednesday, July 10th.

i-80 Gold Stock Performance

Shares of IAUX stock opened at $1.11 on Monday. The firm has a market capitalization of $333.67 million, a PE ratio of -4.83 and a beta of 1.42. The company has a quick ratio of 0.17, a current ratio of 0.30 and a debt-to-equity ratio of 0.21. i-80 Gold Corp. has a twelve month low of $0.76 and a twelve month high of $1.89.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.43%. The firm had revenue of $7.18 million during the quarter. As a group, equities analysts predict that i-80 Gold Corp. will post 0.05 earnings per share for the current fiscal year.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.