i-80 Gold Corp. (NYSEAMERICAN:IAUX) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 42.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 763,663 shares of the company’s stock after purchasing an additional 228,017 shares during the quarter. Bank of New York Mellon Corp owned about 0.25% of i-80 Gold worth $825,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IAUX. Price T Rowe Associates Inc. MD increased its holdings in shares of i-80 Gold by 28.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after purchasing an additional 12,737 shares in the last quarter. HTLF Bank raised its stake 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 period. Vanguard Personalized Indexing Management LLC purchased a new stake in i-80 Gold during the fourth quarter valued at about $47,000. SG Americas Securities LLC increased its position in i-80 Gold by 271.7% during the 2nd quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock worth $46,000 after purchasing an additional 31,425 shares in the last quarter. Finally, Catalina Capital Group LLC lifted its holdings in shares of i-80 Gold by 265.7% during the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after acquiring an additional 32,075 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

Analysts Set New Price Targets

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

i-80 Gold Price Performance

IAUX stock opened at $1.10 on Monday. The company has a market cap of $330.66 million, a P/E ratio of -4.78 and a beta of 1.42. i-80 Gold Corp. has a 12-month low of $0.76 and a 12-month high of $1.88. The company has a current ratio of 0.30, a quick ratio of 0.17 and a debt-to-equity ratio of 0.21.

i-80 Gold (NYSEAMERICAN:IAUX) last posted its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.43%. The company had revenue of $7.18 million during the quarter. On average, sell-side analysts forecast that i-80 Gold Corp. will post 0.05 earnings per share for the current year.

i-80 Gold Company Profile

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.