i-80 Gold Corp. $IAUX Position Lessened by General American Investors Co. Inc.

General American Investors Co. Inc. trimmed its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,474,389 shares of the company’s stock after selling 752,604 shares during the period. General American Investors Co. Inc. owned about 0.42% of i-80 Gold worth $5,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. purchased a new stake in shares of i-80 Gold during the third quarter worth $22,877,000. Tidal Investments LLC raised its holdings in shares of i-80 Gold by 152.2% during the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after acquiring an additional 6,375,073 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of i-80 Gold by 68.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,161,339 shares of the company’s stock worth $7,536,000 after acquiring an additional 2,105,235 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of i-80 Gold by 1,595.1% during the second quarter. Jane Street Group LLC now owns 4,091,149 shares of the company’s stock worth $2,525,000 after acquiring an additional 3,849,793 shares in the last quarter. Finally, Groupe la Francaise raised its holdings in shares of i-80 Gold by 6.5% during the fourth quarter. Groupe la Francaise now owns 3,300,000 shares of the company’s stock worth $4,855,000 after acquiring an additional 200,000 shares in the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Trading Up 2.8%

i-80 Gold stock opened at $1.48 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The business’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $1.59. The firm has a market capitalization of $1.28 billion, a PE ratio of -4.11 and a beta of 1.13. i-80 Gold Corp. has a 52 week low of $0.55 and a 52 week high of $2.24.

Analyst Ratings Changes

Separately, UBS Group set a $2.60 price objective on i-80 Gold in a report on Tuesday, June 2nd.

Insider Transactions at i-80 Gold

In other news, Director John Arthur Begeman sold 24,356 shares of i-80 Gold stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $1.59, for a total value of $38,726.04. Following the transaction, the director directly owned 827,354 shares in the company, valued at approximately $1,315,492.86. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven W. Yopps acquired 50,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $73,500. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.42% of the company’s stock.

About i-80 Gold

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.