Euro Pacific Asset Management LLC Sells 5,160,350 Shares of i-80 Gold Corp. $IAUX

Euro Pacific Asset Management LLC decreased its stake in i-80 Gold Corp. (NYSE:IAUX) by 98.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,672 shares of the company’s stock after selling 5,160,350 shares during the period. Euro Pacific Asset Management LLC’s holdings in i-80 Gold were worth $97,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in shares of i-80 Gold during the 3rd quarter worth $22,877,000. Pale Fire Capital SE increased its stake in i-80 Gold by 25.2% in the second quarter. Pale Fire Capital SE now owns 21,263,656 shares of the company’s stock valued at $12,724,000 after acquiring an additional 4,282,561 shares during the last quarter. Equinox Partners Investment Management LLC bought a new position in i-80 Gold in the second quarter valued at $6,909,000. Trek Financial LLC raised its position in i-80 Gold by 4.7% during the third quarter. Trek Financial LLC now owns 11,173,852 shares of the company’s stock valued at $10,675,000 after purchasing an additional 504,035 shares in the last quarter. Finally, Tidal Investments LLC raised its position in i-80 Gold by 152.2% during the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock valued at $10,093,000 after purchasing an additional 6,375,073 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Trading Down 1.4%

Shares of IAUX stock opened at $1.41 on Tuesday. The business has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $1.38. i-80 Gold Corp. has a 12-month low of $0.48 and a 12-month high of $2.24. 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 firm has a market cap of $1.20 billion, a P/E ratio of -3.92 and a beta of 1.10.

About i-80 Gold

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.