i-80 Gold Corp. (NYSE:IAUX) Shares Purchased by State Street Corp

State Street Corp boosted its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 16.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,260,438 shares of the company’s stock after acquiring an additional 596,190 shares during the quarter. State Street Corp’s holdings in i-80 Gold were worth $4,942,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IAUX. The Manufacturers Life Insurance Company lifted its stake in i-80 Gold by 63.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,374 shares of the company’s stock valued at $135,000 after acquiring an additional 45,101 shares during the period. Charles Schwab Investment Management Inc. lifted its position in i-80 Gold by 22.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 756,075 shares of the company’s stock valued at $877,000 after purchasing an additional 139,326 shares during the period. Intech Investment Management LLC purchased a new stake in i-80 Gold in the third quarter valued at $71,000. General American Investors Co. Inc. acquired a new stake in i-80 Gold during the 3rd quarter worth about $3,092,000. Finally, Van ECK Associates Corp grew its position in i-80 Gold by 16.3% during the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after purchasing an additional 2,121,050 shares during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Performance

NYSE:IAUX opened at $0.51 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold Corp. has a 52 week low of $0.34 and a 52 week high of $1.86. The stock has a market cap of $152.82 million, a PE ratio of -1.41 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IAUX. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Cibc World Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.50.

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.