i-80 Gold Corp. $IAUX Position Trimmed by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in i-80 Gold Corp. (NYSE:IAUX) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,420,973 shares of the company’s stock after selling 373,491 shares during the period. Van ECK Associates Corp owned approximately 2.47% of i-80 Gold worth $30,781,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of i-80 Gold by 1,345.4% during the 1st quarter. AQR Capital Management LLC now owns 195,706 shares of the company’s stock worth $114,000 after acquiring an additional 182,166 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of i-80 Gold by 40.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,436,918 shares of the company’s stock valued at $2,000,000 after purchasing an additional 987,083 shares during the period. Quantbot Technologies LP acquired a new position in shares of i-80 Gold in the 2nd quarter valued at $71,000. EverSource Wealth Advisors LLC increased its stake in i-80 Gold by 19,522.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 64,167 shares of the company’s stock worth $38,000 after purchasing an additional 63,840 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in i-80 Gold in the 2nd quarter worth about $62,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

i-80 Gold Price Performance

NYSE:IAUX opened at $1.85 on Monday. The business’s fifty day moving average price is $1.50 and its 200 day moving average price is $1.59. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -5.14 and a beta of 1.17. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a 1-year low of $0.77 and a 1-year high of $2.24.

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.