i-80 Gold Corp. (NYSE:IAUX) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its position in i-80 Gold Corp. (NYSE:IAUX) by 98.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,152 shares of the company’s stock after selling 8,042,137 shares during the quarter. Invesco Ltd.’s holdings in i-80 Gold were worth $45,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Trek Financial LLC boosted its position in shares of i-80 Gold by 246.6% during the 4th quarter. Trek Financial LLC now owns 6,541,417 shares of the company’s stock valued at $3,173,000 after acquiring an additional 4,653,867 shares during the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 702,326 shares during the period. Barclays PLC boosted its stake in i-80 Gold by 117.0% during the third quarter. Barclays PLC now owns 604,069 shares of the company’s stock worth $701,000 after buying an additional 325,664 shares during the period. LPL Financial LLC increased its position in shares of i-80 Gold by 106.8% during the fourth quarter. LPL Financial LLC now owns 531,440 shares of the company’s stock valued at $258,000 after acquiring an additional 274,500 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in i-80 Gold in the fourth quarter valued at approximately $68,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Stock Down 2.2 %

Shares of NYSE IAUX opened at $0.57 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $253.16 million, a PE ratio of -1.59 and a beta of 1.24. The firm has a 50-day moving average price of $0.63. i-80 Gold Corp. has a 52-week low of $0.34 and a 52-week high of $1.44.

Wall Street Analysts Forecast Growth

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

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.