The Manufacturers Life Insurance Company Takes $1.13 Million Position in i-80 Gold Corp. $IAUX

The Manufacturers Life Insurance Company bought a new position in i-80 Gold Corp. (NYSE:IAUXFree Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 747,168 shares of the company’s stock, valued at approximately $1,132,000. The Manufacturers Life Insurance Company owned approximately 0.09% of i-80 Gold at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAUX. Renaissance Technologies LLC bought a new position in shares of i-80 Gold in the first quarter worth approximately $3,254,000. McAlvany Wealth Management LLC purchased a new position in shares of i-80 Gold during the 1st quarter valued at $3,536,000. State of Wyoming purchased a new position in shares of i-80 Gold during the 1st quarter valued at $59,000. SummitTX Capital L.P. bought a new position in i-80 Gold in the 1st quarter worth $172,000. Finally, Swiss National Bank boosted its holdings in i-80 Gold by 1.9% in the 1st quarter. Swiss National Bank now owns 1,434,900 shares of the company’s stock worth $2,173,000 after buying an additional 27,000 shares during the period. Institutional investors own 61.31% of the company’s stock.

Insider Activity

In related news, Director Steven W. Yopps purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately $73,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Arthur Begeman sold 24,356 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $1.59, for a total value of $38,726.04. Following the sale, the director directly owned 827,354 shares in the company, valued at $1,315,492.86. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.42% of the company’s stock.

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.

Read Our Latest Analysis on IAUX

i-80 Gold Stock Performance

i-80 Gold stock opened at $1.66 on Wednesday. The company’s 50-day moving average price is $1.43 and its 200-day moving average price is $1.59. i-80 Gold Corp. has a twelve month low of $0.57 and a twelve month high of $2.24. 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 company has a market cap of $1.44 billion, a PE ratio of -4.61 and a beta of 1.17.

i-80 Gold 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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Institutional Ownership by Quarter for i-80 Gold (NYSE:IAUX)

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