Bank of Montreal Can Cuts Holdings in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Bank of Montreal Can lessened its holdings in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 20.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 549,070 shares of the company’s stock after selling 137,914 shares during the period. Bank of Montreal Can owned approximately 0.18% of i-80 Gold worth $586,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IAUX. Norden Group LLC acquired a new stake in shares of i-80 Gold during the 1st quarter valued at approximately $43,000. SG Americas Securities LLC grew its holdings in 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 purchasing an additional 31,425 shares during the last quarter. Catalina Capital Group LLC grew its holdings in 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 purchasing an additional 32,075 shares during the last quarter. Rathbones Group PLC purchased a new position in shares of i-80 Gold in the second quarter valued at $47,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of i-80 Gold by 28.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock worth $78,000 after buying an additional 12,737 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their price objective 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 Stock Performance

i-80 Gold stock opened at $1.10 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $330.66 million, a P/E ratio of -4.78 and a beta of 1.42. i-80 Gold Corp. has a 1 year low of $0.76 and a 1 year high of $1.88.

i-80 Gold (NYSEAMERICAN:IAUX) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $7.18 million for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. Equities research analysts expect that i-80 Gold Corp. will post -0.03 earnings per share for the current fiscal 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.