Rhumbline Advisers Buys 46,951 Shares of i-80 Gold Corp. (NYSE:IAUX)

Rhumbline Advisers increased its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 372,574 shares of the company’s stock after buying an additional 46,951 shares during the quarter. Rhumbline Advisers owned 0.09% of i-80 Gold worth $181,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of i-80 Gold by 66.1% in the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock valued at $22,996,000 after purchasing an additional 7,889,867 shares during the period. State Street Corp raised its stake in shares of i-80 Gold by 16.3% in the 3rd quarter. State Street Corp now owns 4,260,438 shares of the company’s stock valued at $4,942,000 after purchasing an additional 596,190 shares during the period. Geode Capital Management LLC raised its stake in shares of i-80 Gold by 22.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after purchasing an additional 702,326 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of i-80 Gold by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 756,075 shares of the company’s stock valued at $877,000 after purchasing an additional 139,326 shares during the period. Finally, Barclays PLC raised its stake in shares of i-80 Gold by 117.0% in the 3rd quarter. Barclays PLC now owns 604,069 shares of the company’s stock valued at $701,000 after purchasing an additional 325,664 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Stock Performance

NYSE:IAUX opened at $0.60 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. The firm has a 50-day moving average of $0.63. The firm has a market capitalization of $264.72 million, a P/E ratio of -1.67 and a beta of 1.13. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.64.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Finally, National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” 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.