Fmr LLC Reduces Stock Position in i-80 Gold Corp. (NYSE:IAUX)

Fmr LLC reduced its position in i-80 Gold Corp. (NYSE:IAUX) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,177,585 shares of the company’s stock after selling 151,966 shares during the quarter. Fmr LLC’s holdings in i-80 Gold were worth $9,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of i-80 Gold by 28.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after acquiring an additional 12,737 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after buying an additional 31,425 shares during the period. HTLF Bank lifted its holdings in shares of i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock valued at $65,000 after purchasing an additional 15,000 shares during the last quarter. Corundum Trust Company INC purchased a new stake in shares of i-80 Gold during the second quarter valued at $78,000. Finally, Bank of New York Mellon Corp raised its position in i-80 Gold by 42.6% during the second quarter. Bank of New York Mellon Corp now owns 763,663 shares of the company’s stock valued at $825,000 after buying an additional 228,017 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on IAUX. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, i-80 Gold currently has a consensus rating of “Hold” and a consensus price target of $3.50.

i-80 Gold Price Performance

NYSE:IAUX opened at $0.58 on Thursday. 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 has a market capitalization of $173.84 million, a price-to-earnings ratio of -1.61 and a beta of 1.17. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.88.

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.