Charles Schwab Investment Management Inc. Boosts Position in i-80 Gold Corp. (NYSE:IAUX)

Charles Schwab Investment Management Inc. grew its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 756,075 shares of the company’s stock after buying an additional 139,326 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.25% of i-80 Gold worth $877,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in shares of i-80 Gold in the third quarter valued at about $71,000. General American Investors Co. Inc. purchased a new position in i-80 Gold in the 3rd quarter worth approximately $3,092,000. Van ECK Associates Corp grew its position in i-80 Gold by 16.3% in the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after acquiring an additional 2,121,050 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its stake in shares of i-80 Gold by 240.0% during the third 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. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of i-80 Gold by 111.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 180,621 shares of the company’s stock worth $210,000 after purchasing an additional 95,039 shares in 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 $0.53 on Wednesday. The company has a market cap of $158.20 million, a price-to-earnings ratio of -1.46 and a beta of 1.17. 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 $1.88.

Analysts Set New Price Targets

Several research firms recently issued reports on IAUX. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Finally, Cormark upgraded i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, i-80 Gold 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.