Quantbot Technologies LP Takes Position in i-80 Gold Corp. $IAUX

Quantbot Technologies LP acquired a new position in i-80 Gold Corp. (NYSE:IAUX – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 400,645 shares of the company’s stock, valued at approximately $577,000.

A number of other hedge funds have also bought and sold shares of IAUX. Banco BTG Pactual S.A. purchased a new stake in shares of i-80 Gold during the 2nd quarter valued at about $25,000. State of Wisconsin Investment Board purchased a new stake in shares of i-80 Gold in the 4th quarter worth $27,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in i-80 Gold by 49.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock worth $32,000 after purchasing an additional 7,420 shares during the period. Deutsche Bank AG bought a new position in i-80 Gold in the 4th quarter worth $32,000. Finally, Pasadena Private Wealth LLC purchased a new position in i-80 Gold during the second quarter valued at $36,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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i-80 Gold Price Performance

NYSE IAUX opened at $1.92 on Friday. 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 12 month low of $0.74 and a 12 month high of $2.24. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -5.33 and a beta of 1.17. The company’s 50 day moving average is $1.50 and its two-hundred day moving average is $1.59.

Analysts Set New Price Targets

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

View Our Latest Report on i-80 Gold

i-80 Gold Company Profile

(Free Report)

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.

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