Ingalls & Snyder LLC Sells 85,000 Shares of i-80 Gold Corp. (NYSE:IAUX)

Ingalls & Snyder LLC trimmed its holdings in i-80 Gold Corp. (NYSE:IAUX) by 48.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 91,480 shares of the company’s stock after selling 85,000 shares during the quarter. Ingalls & Snyder LLC’s holdings in i-80 Gold were worth $44,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. McAdam LLC grew its stake in shares of i-80 Gold by 388.5% during the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock valued at $31,000 after purchasing an additional 51,493 shares during the period. Stratos Wealth Advisors LLC bought a new stake in shares of i-80 Gold during the 4th quarter valued at about $48,000. Murphy Pohlad Asset Management LLC grew its stake in shares of i-80 Gold by 240.0% during 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 period. SG Americas Securities LLC grew its stake in shares of i-80 Gold by 23.7% during the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock valued at $63,000 after purchasing an additional 24,740 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of i-80 Gold during the 3rd quarter valued at about $71,000. 61.31% of the stock is currently owned by institutional investors.

i-80 Gold Stock Down 0.8 %

IAUX stock opened at $0.70 on Friday. The company’s 50-day moving average is $0.56. 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 Corp. has a twelve month low of $0.34 and a twelve month high of $1.64. The stock has a market cap of $306.42 million, a PE ratio of -1.94 and a beta of 1.29.

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

Wall Street Analyst Weigh In

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

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.