Groupe la Francaise boosted its holdings in shares of i-80 Gold Corp. (NYSE:IAUX – Free Report) by 66.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 5,500,000 shares of the company’s stock after buying an additional 2,200,000 shares during the quarter. Groupe la Francaise’s holdings in i-80 Gold were worth $8,315,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. AQR Capital Management LLC grew its holdings 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 purchasing an additional 182,166 shares during the period. Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 987,083 shares during the period. Quantbot Technologies LP purchased a new stake in i-80 Gold in the 2nd quarter valued at about $71,000. EverSource Wealth Advisors LLC lifted its position in i-80 Gold by 19,522.9% in the second quarter. EverSource Wealth Advisors LLC now owns 64,167 shares of the company’s stock valued at $38,000 after buying an additional 63,840 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in i-80 Gold in the second quarter valued at about $62,000. Institutional investors and hedge funds own 61.31% of the company’s stock.
Analyst Ratings Changes
Separately, UBS Group set a $2.60 target price on shares of i-80 Gold in a research note on Tuesday, June 2nd.
Insider Activity
In other news, Director John Arthur Begeman sold 24,356 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $1.59, for a total transaction of $38,726.04. Following the sale, the director owned 827,354 shares of the company’s stock, valued at approximately $1,315,492.86. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven W. Yopps acquired 50,000 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $1.47 per share, with a total value of $73,500.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately $73,500. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 1.42% of the stock is currently owned by corporate insiders.
i-80 Gold Stock Performance
Shares of i-80 Gold stock opened at $1.29 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The business has a 50-day moving average of $1.44 and a 200 day moving average of $1.59. i-80 Gold Corp. has a 12 month low of $0.55 and a 12 month high of $2.24.
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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