General American Investors Co. Inc. Takes $3.09 Million Position in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

General American Investors Co. Inc. purchased a new stake in i-80 Gold Corp. (NYSEAMERICAN:IAUX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,665,199 shares of the company’s stock, valued at approximately $3,092,000. General American Investors Co. Inc. owned about 0.89% of i-80 Gold as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of i-80 Gold during the first quarter worth $43,000. SG Americas Securities LLC increased its position in i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock worth $46,000 after purchasing an additional 31,425 shares during the period. Catalina Capital Group LLC raised its holdings in i-80 Gold by 265.7% during the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after purchasing an additional 32,075 shares during the last quarter. Rathbones Group PLC acquired a new position in i-80 Gold during the 2nd quarter valued at about $47,000. Finally, Murphy Pohlad Asset Management LLC boosted its stake in shares of i-80 Gold by 240.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after purchasing an additional 36,000 shares during the last quarter. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Price Performance

Shares of i-80 Gold stock traded down $0.04 during trading on Thursday, reaching $1.02. The stock had a trading volume of 314,124 shares, compared to its average volume of 3,870,925. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.44 and a current ratio of 0.54. i-80 Gold Corp. has a 52 week low of $0.76 and a 52 week high of $1.88.

i-80 Gold (NYSEAMERICAN:IAUX) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. The business had revenue of $7.18 million during the quarter. Research analysts anticipate that i-80 Gold Corp. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

IAUX has been the topic of several recent research reports. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. CIBC reduced their target price on i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a report on Wednesday, July 10th.

i-80 Gold Company Profile

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.