General American Investors Co. Inc. Acquires Shares of 2,665,199 i-80 Gold Corp. (NYSEAMERICAN:IAUX)

General American Investors Co. Inc. purchased a new position in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,665,199 shares of the company's stock, valued at approximately $3,092,000. General American Investors Co. Inc. owned about 0.89% of i-80 Gold at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Norden Group LLC acquired a new stake in i-80 Gold during the 1st quarter valued at approximately $43,000. SG Americas Securities LLC raised its stake in i-80 Gold by 271.7% during the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company's stock worth $46,000 after buying an additional 31,425 shares during the last quarter. Rathbones Group PLC acquired a new position in i-80 Gold in the second quarter valued at $47,000. Catalina Capital Group LLC boosted its position in i-80 Gold by 265.7% during the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company's stock valued at $59,000 after acquiring an additional 32,075 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its holdings in i-80 Gold by 240.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company's stock worth $59,000 after acquiring an additional 36,000 shares during the period. Institutional investors own 61.31% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. CIBC cut their target price on shares of i-80 Gold from $4.25 to $3.50 and set an "outperformer" rating on the stock in a research note on Wednesday, July 10th. National Bank Financial cut shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 9th.

i-80 Gold Stock Performance

Shares of IAUX stock traded down $0.04 during trading on Thursday, hitting $1.02. The company's stock had a trading volume of 9,012,452 shares, compared to its average volume of 3,912,396. The firm has a market cap of $306.61 million, a PE ratio of -3.78 and a beta of 1.45. i-80 Gold Corp. has a 52 week low of $0.76 and a 52 week high of $1.88. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 0.19.

i-80 Gold (NYSEAMERICAN:IAUX - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $7.18 million for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. As a group, sell-side analysts expect that i-80 Gold Corp. will post -0.16 earnings per share for the current year.

About i-80 Gold

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.