Amitell Capital Pte Ltd Invests $590,000 in i-80 Gold Corp. (NYSE:IAUX)

Amitell Capital Pte Ltd bought a new position in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,217,060 shares of the company's stock, valued at approximately $590,000. i-80 Gold makes up about 0.5% of Amitell Capital Pte Ltd's investment portfolio, making the stock its 28th biggest position. Amitell Capital Pte Ltd owned 0.28% of i-80 Gold at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of i-80 Gold by 66.1% in the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company's stock valued at $22,996,000 after buying an additional 7,889,867 shares during the last quarter. Trek Financial LLC raised its stake in shares of i-80 Gold by 246.6% during the 4th quarter. Trek Financial LLC now owns 6,541,417 shares of the company's stock worth $3,173,000 after buying an additional 4,653,867 shares in the last quarter. Renaissance Technologies LLC raised its position in i-80 Gold by 429.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company's stock worth $2,867,000 after acquiring an additional 4,793,333 shares in the last quarter. State Street Corp increased its holdings in shares of i-80 Gold by 16.3% in the 3rd quarter. State Street Corp now owns 4,260,438 shares of the company's stock valued at $4,942,000 after purchasing an additional 596,190 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in i-80 Gold by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,886,847 shares of the company's stock valued at $1,885,000 after buying an additional 113,650 shares in the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Price Performance

NYSE IAUX traded up $0.07 on Friday, reaching $0.62. The company had a trading volume of 8,190,193 shares, compared to its average volume of 5,635,619. The firm's 50-day moving average is $0.66. The firm has a market capitalization of $273.64 million, a price-to-earnings ratio of -1.71 and a beta of 1.26. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.44. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. National Bankshares reaffirmed an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Stifel Canada lowered i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 30th. National Bank Financial raised shares of i-80 Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Finally, Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.50.

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.