Euro Pacific Asset Management LLC Decreases Stock Holdings in i-80 Gold Corp. (NYSE:IAUX)

Euro Pacific Asset Management LLC cut its holdings in i-80 Gold Corp. (NYSE:IAUX) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,571,215 shares of the company’s stock after selling 1,192,864 shares during the period. Euro Pacific Asset Management LLC’s holdings in i-80 Gold were worth $4,133,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IAUX. Tidal Investments LLC raised its position in shares of i-80 Gold by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after acquiring an additional 7,889,867 shares in the last quarter. General American Investors Co. Inc. acquired a new position in shares of i-80 Gold in the 3rd quarter valued at $3,092,000. Van ECK Associates Corp grew its position in shares of i-80 Gold by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after buying an additional 2,121,050 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in i-80 Gold during the 2nd quarter worth $1,401,000. Finally, Geode Capital Management LLC lifted its position 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 valued at $4,377,000 after acquiring an additional 702,326 shares during the last quarter. 61.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

i-80 Gold Stock Performance

Shares of IAUX stock opened at $0.56 on Friday. The firm has a 50-day moving average of $0.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.78.

i-80 Gold (NYSE:IAUX) last released its earnings results on Tuesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. i-80 Gold had a negative net margin of 231.43% and a negative return on equity of 21.18%. The company had revenue of $11.51 million during the quarter. As a group, equities research analysts anticipate that i-80 Gold Corp. will post -0.2 EPS for the current year.

About i-80 Gold

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.