i-80 Gold Corp. (NYSE:IAUX) Holdings Lifted by LPL Financial LLC

LPL Financial LLC increased its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 106.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,440 shares of the company’s stock after buying an additional 274,500 shares during the quarter. LPL Financial LLC owned 0.12% of i-80 Gold worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its stake in i-80 Gold by 23.7% in the fourth 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 in the last quarter. Barclays PLC grew its stake in i-80 Gold by 117.0% in the third quarter. Barclays PLC now owns 604,069 shares of the company’s stock valued at $701,000 after purchasing an additional 325,664 shares in the last quarter. JPMorgan Chase & Co. grew its stake in i-80 Gold by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock valued at $170,000 after purchasing an additional 31,315 shares in the last quarter. Rhumbline Advisers lifted its position in shares of i-80 Gold by 14.4% during the 4th quarter. Rhumbline Advisers now owns 372,574 shares of the company’s stock worth $181,000 after purchasing an additional 46,951 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of i-80 Gold during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IAUX shares. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cormark raised i-80 Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. National Bankshares reaffirmed an “outperform” rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Finally, National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, i-80 Gold currently has an average rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Price Performance

i-80 Gold stock opened at $0.65 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average is $0.65. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.44. The firm has a market capitalization of $286.90 million, a price-to-earnings ratio of -1.80 and a beta of 1.26.

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.