Geode Capital Management LLC Increases Stock Holdings in i-80 Gold Corp. (NYSE:IAUX)

Geode Capital Management LLC boosted its stake in i-80 Gold Corp. (NYSE:IAUX) by 22.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,773,197 shares of the company’s stock after buying an additional 702,326 shares during the quarter. Geode Capital Management LLC’s holdings in i-80 Gold were worth $4,377,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Rathbones Group PLC bought a new stake in shares of i-80 Gold in the 2nd quarter worth $47,000. Murphy Pohlad Asset Management LLC grew its position in i-80 Gold by 240.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after purchasing an additional 36,000 shares in the last quarter. Intech Investment Management LLC purchased a new stake in i-80 Gold in the 3rd quarter valued at about $71,000. Creative Planning purchased a new position in shares of i-80 Gold in the 3rd quarter worth approximately $119,000. Finally, SG Americas Securities LLC boosted its stake in shares of i-80 Gold by 142.7% in the 3rd quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock worth $121,000 after buying an additional 61,337 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IAUX has been the topic of a number of recent analyst reports. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cibc World Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Finally, Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.50.

i-80 Gold Price Performance

NYSE IAUX opened at $0.59 on Monday. The company has a market capitalization of $176.39 million, a PE ratio of -1.63 and a beta of 1.17. 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 12-month low of $0.34 and a 12-month high of $1.78.

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.