i-80 Gold (NYSEAMERICAN:IAUX) Announces Quarterly Earnings Results

i-80 Gold (NYSEAMERICAN:IAUXGet Free Report) posted its earnings results on Monday. The company reported ($0.07) EPS for the quarter, reports. The firm had revenue of $8.41 million for the quarter. i-80 Gold had a negative return on equity of 20.40% and a negative net margin of 115.35%.

i-80 Gold Trading Up 4.3 %

Shares of NYSEAMERICAN:IAUX opened at $1.22 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.47. i-80 Gold has a one year low of $1.14 and a one year high of $2.41.

Hedge Funds Weigh In On i-80 Gold

A number of large investors have recently bought and sold shares of IAUX. Mackenzie Financial Corp grew its stake in shares of i-80 Gold by 8.2% during the 4th quarter. Mackenzie Financial Corp now owns 98,295 shares of the company’s stock worth $173,000 after purchasing an additional 7,469 shares during the period. Swiss National Bank grew its stake in i-80 Gold by 3.0% in the 3rd quarter. Swiss National Bank now owns 430,100 shares of the company’s stock worth $655,000 after acquiring an additional 12,700 shares during the period. TD Asset Management Inc lifted its stake in shares of i-80 Gold by 5.5% during the 3rd quarter. TD Asset Management Inc now owns 370,878 shares of the company’s stock worth $562,000 after purchasing an additional 19,248 shares during the period. Wealthsource Partners LLC acquired a new stake in shares of i-80 Gold during the fourth quarter worth $40,000. Finally, Rathbones Group PLC purchased a new stake in shares of i-80 Gold in the third quarter valued at $36,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Analysts Set New Price Targets

Separately, CIBC reduced their price objective on i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating for the company in a research note on Tuesday, April 9th.

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i-80 Gold Company Profile

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i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.

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Earnings History for i-80 Gold (NYSEAMERICAN:IAUX)

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