i-80 Gold Corp. (NYSE:IAUX) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 117.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 604,069 shares of the company’s stock after purchasing an additional 325,664 shares during the quarter. Barclays PLC owned about 0.20% of i-80 Gold worth $701,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Rathbones Group PLC acquired a new position in i-80 Gold in the second quarter valued at $47,000. Murphy Pohlad Asset Management LLC increased its position in shares of i-80 Gold by 240.0% during the third 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 last quarter. Intech Investment Management LLC purchased a new stake in shares of i-80 Gold during the third quarter worth about $71,000. Creative Planning acquired a new position in i-80 Gold in the third quarter worth about $119,000. Finally, SG Americas Securities LLC grew its stake in i-80 Gold by 142.7% in the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock worth $121,000 after purchasing an additional 61,337 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Trading Up 0.2 %

Shares of NYSE IAUX opened at $0.61 on Thursday. i-80 Gold Corp. has a 12-month low of $0.34 and a 12-month high of $1.78. The firm has a market capitalization of $182.73 million, a P/E ratio of -1.69 and a beta of 1.25. The business’s 50 day simple moving average is $0.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

About i-80 Gold

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.