i-80 Gold Corp. (NYSE:IAUX) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its position in i-80 Gold Corp. (NYSE:IAUX) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,313,164 shares of the company’s stock after selling 2,807,568 shares during the quarter. Van ECK Associates Corp owned about 3.04% of i-80 Gold worth $5,972,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. McAdam LLC increased its position in i-80 Gold by 388.5% in the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after purchasing an additional 51,493 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of i-80 Gold during the 4th quarter valued at about $48,000. Murphy Pohlad Asset Management LLC increased 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 valued at $59,000 after acquiring an additional 36,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of i-80 Gold by 23.7% during the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock valued at $63,000 after acquiring an additional 24,740 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of i-80 Gold during the 3rd quarter valued at about $71,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

Analyst Ratings Changes

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

i-80 Gold Stock Performance

IAUX opened at $0.70 on Tuesday. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.64. The company has a market capitalization of $306.42 million, a price-to-earnings ratio of -1.94 and a beta of 1.29. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average is $0.56.

i-80 Gold 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.