The Manufacturers Life Insurance Company Purchases 45,101 Shares of i-80 Gold Corp. (NYSE:IAUX)

The Manufacturers Life Insurance Company lifted its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 63.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,374 shares of the company’s stock after buying an additional 45,101 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in i-80 Gold were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IAUX. SG Americas Securities LLC lifted its position in shares of i-80 Gold by 271.7% during the 2nd quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after acquiring an additional 31,425 shares during the period. Rathbones Group PLC bought a new stake in i-80 Gold during the second quarter worth about $47,000. Murphy Pohlad Asset Management LLC lifted its holdings in shares of i-80 Gold by 240.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after acquiring an additional 36,000 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 acquiring an additional 12,737 shares in the last quarter. Finally, HTLF Bank increased its stake in shares of i-80 Gold by 33.3% in the 2nd quarter. HTLF Bank now owns 60,000 shares of the company’s stock valued at $65,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Down 3.0 %

Shares of IAUX opened at $0.51 on Tuesday. 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 Corp. has a 12 month low of $0.34 and a 12 month high of $1.88. The firm has a market cap of $154.06 million, a price-to-earnings ratio of -1.42 and a beta of 1.17.

Analyst Upgrades and Downgrades

IAUX has been the subject of several research analyst reports. Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.50.

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.