Trek Financial LLC Sells 2,109,546 Shares of i-80 Gold Corp. $IAUX

Trek Financial LLC lessened its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 18.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,064,306 shares of the company’s stock after selling 2,109,546 shares during the period. Trek Financial LLC’s holdings in i-80 Gold were worth $13,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rathbones Group PLC boosted its position in shares of i-80 Gold by 5.1% in the fourth quarter. Rathbones Group PLC now owns 123,740 shares of the company’s stock valued at $181,000 after acquiring an additional 6,000 shares during the period. Murphy Pohlad Asset Management LLC increased its holdings in i-80 Gold by 6.4% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 198,800 shares of the company’s stock worth $190,000 after acquiring an additional 12,000 shares during the period. Cypress Wealth Services LLC bought a new stake in i-80 Gold during the 4th quarter worth approximately $25,000. Burney Co. purchased a new stake in i-80 Gold in the 4th quarter worth approximately $41,000. Finally, Swiss Life Asset Management Ltd bought a new position in i-80 Gold in the 4th quarter valued at $42,000. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Up 1.3%

IAUX opened at $1.60 on Tuesday. The firm has a market capitalization of $1.37 billion, a P/E ratio of -4.44 and a beta of 1.12. i-80 Gold Corp. has a one year low of $0.48 and a one year high of $2.24. The company has a fifty day moving average price of $1.61 and a 200-day moving average price of $1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

i-80 Gold Profile

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.