Tidal Investments LLC boosted its position in shares of i-80 Gold Corp. (NYSE:IAUX – Free Report) by 123.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,662,686 shares of the company’s stock after buying an additional 10,298,143 shares during the quarter. Tidal Investments LLC’s holdings in i-80 Gold were worth $26,874,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board acquired a new position in shares of i-80 Gold during the 4th quarter worth about $27,000. Deutsche Bank AG bought a new stake in i-80 Gold in the fourth quarter valued at approximately $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in i-80 Gold by 49.5% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock valued at $32,000 after buying an additional 7,420 shares during the period. Pasadena Private Wealth LLC acquired a new stake in shares of i-80 Gold in the second quarter valued at approximately $36,000. Finally, Cetera Investment Advisers boosted its stake in shares of i-80 Gold by 143.6% during the 4th quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $39,000 after acquiring an additional 15,800 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.
Insiders Place Their Bets
In related news, Director John Begeman sold 19,231 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the completion of the sale, the director directly owned 827,354 shares in the company, valued at $1,439,595.96. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.42% of the company’s stock.
i-80 Gold Trading Up 0.6%
Wall Street Analysts Forecast Growth
Separately, UBS Group set a $2.60 target price on i-80 Gold in a report on Tuesday, June 2nd.
View Our Latest Stock Report on IAUX
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.
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