Van ECK Associates Corp Cuts Stock Holdings in i-80 Gold Corp. (NYSE:IAUX)

Van ECK Associates Corp trimmed its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,313,164 shares of the company’s stock after selling 2,807,568 shares during the period. Van ECK Associates Corp’s holdings in i-80 Gold were worth $5,972,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in i-80 Gold by 66.1% in the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after purchasing an additional 7,889,867 shares during the last quarter. State Street Corp boosted its holdings in i-80 Gold by 16.3% in the third quarter. State Street Corp now owns 4,260,438 shares of the company’s stock worth $4,942,000 after purchasing an additional 596,190 shares during the last quarter. Geode Capital Management LLC boosted its holdings in i-80 Gold by 22.9% in the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock worth $4,377,000 after purchasing an additional 702,326 shares during the last quarter. General American Investors Co. Inc. purchased a new stake in i-80 Gold in the third quarter worth approximately $3,092,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in i-80 Gold by 22.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 756,075 shares of the company’s stock worth $877,000 after purchasing an additional 139,326 shares during the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IAUX has been the topic of several analyst reports. National Bank Financial upgraded shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, i-80 Gold currently has a consensus rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Stock Down 0.8 %

Shares of NYSE IAUX opened at $0.70 on Tuesday. The firm has a 50-day moving average of $0.56. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.64. The firm has a market capitalization of $306.42 million, a price-to-earnings ratio of -1.94 and a beta of 1.29. 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 Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.