i-80 Gold Corp. (NYSE:IAUX) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of i-80 Gold Corp. (NYSE:IAUX) by 5.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 393,756 shares of the company’s stock after buying an additional 21,182 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of i-80 Gold worth $229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IAUX. Bank of America Corp DE lifted its stake in i-80 Gold by 151.0% in the fourth quarter. Bank of America Corp DE now owns 696,440 shares of the company’s stock valued at $338,000 after buying an additional 419,025 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of i-80 Gold by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock worth $43,000 after purchasing an additional 29,339 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of i-80 Gold during the fourth quarter worth approximately $235,000. Raymond James Financial Inc. purchased a new stake in shares of i-80 Gold during the fourth quarter worth approximately $68,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of i-80 Gold by 80.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 326,416 shares of the company’s stock worth $158,000 after purchasing an additional 145,795 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Trading Down 2.3%

IAUX stock opened at $0.68 on Wednesday. The company has a market cap of $535.37 million, a P/E ratio of -1.89 and a beta of 1.10. i-80 Gold Corp. has a twelve month low of $0.34 and a twelve month high of $1.26. 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 has a fifty day moving average of $0.60 and a 200-day moving average of $0.60.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada lowered their target price on i-80 Gold from $2.00 to $1.50 and set an “outperform” rating on the stock in a report on Monday, June 2nd. Cormark raised shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. National Bankshares reissued an “outperform” rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Finally, Scotiabank decreased their price target on i-80 Gold from $2.25 to $1.50 and set a “sector outperform” rating on the stock in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, i-80 Gold has an average rating of “Moderate Buy” and a consensus target price of $2.17.

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.