i-80 Gold Corp. (NYSEAMERICAN:IAUX) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its stake in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 466.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 182,321 shares of the company’s stock after buying an additional 150,141 shares during the quarter. Bleakley Financial Group LLC’s holdings in i-80 Gold were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IAUX. Sprott Inc. raised its stake in i-80 Gold by 1.4% during the 3rd quarter. Sprott Inc. now owns 23,028,417 shares of the company’s stock valued at $35,664,000 after purchasing an additional 325,811 shares during the period. BlackRock Inc. acquired a new stake in i-80 Gold during the 2nd quarter valued at $24,396,000. Van ECK Associates Corp raised its stake in i-80 Gold by 17.6% during the 3rd quarter. Van ECK Associates Corp now owns 10,073,073 shares of the company’s stock valued at $15,412,000 after purchasing an additional 1,506,395 shares during the period. Euro Pacific Asset Management LLC raised its stake in i-80 Gold by 17.6% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 5,571,905 shares of the company’s stock valued at $8,425,000 after purchasing an additional 835,370 shares during the period. Finally, Franklin Resources Inc. raised its stake in i-80 Gold by 2.7% during the 1st quarter. Franklin Resources Inc. now owns 3,829,900 shares of the company’s stock valued at $9,323,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CIBC cut their target price on shares of i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating on the stock in a research note on Tuesday, April 9th.

i-80 Gold Stock Down 2.5 %

NYSEAMERICAN IAUX opened at $1.19 on Monday. i-80 Gold Corp. has a 1-year low of $1.15 and a 1-year high of $2.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.65. The firm has a market capitalization of $357.71 million, a PE ratio of -5.17 and a beta of 1.47.

i-80 Gold (NYSEAMERICAN:IAUX) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). i-80 Gold had a negative return on equity of 20.98% and a negative net margin of 118.74%. The company had revenue of $25.84 million during the quarter.

i-80 Gold Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.