Intech Investment Management LLC Takes $71,000 Position in i-80 Gold Corp. (NYSE:IAUX)

Intech Investment Management LLC acquired a new position in shares of i-80 Gold Corp. (NYSE:IAUX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,801 shares of the company’s stock, valued at approximately $71,000.

A number of other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC increased its holdings 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 valued at $46,000 after buying an additional 31,425 shares during the last quarter. Rathbones Group PLC bought a new stake in shares of i-80 Gold in the 2nd quarter worth approximately $47,000. Murphy Pohlad Asset Management LLC boosted its position in 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. Price T Rowe Associates Inc. MD grew its stake in i-80 Gold by 28.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock worth $78,000 after buying an additional 12,737 shares during the last quarter. Finally, HTLF Bank grew its position in shares of i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock worth $65,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Stock Performance

Shares of NYSE IAUX opened at $0.60 on Monday. The firm has a market capitalization of $178.86 million, a P/E ratio of -1.65 and a beta of 1.17. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

Analyst Ratings Changes

Several research analysts have commented on the stock. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.50.

i-80 Gold 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.