Van ECK Associates Corp Raises Stock Holdings in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Van ECK Associates Corp increased its stake in i-80 Gold Corp. (NYSEAMERICAN:IAUX - Free Report) by 16.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 15,120,732 shares of the company's stock after buying an additional 2,121,050 shares during the quarter. Van ECK Associates Corp owned 5.03% of i-80 Gold worth $17,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC bought a new position in i-80 Gold during the first quarter valued at about $10,746,000. NewGen Asset Management Ltd bought a new position in i-80 Gold during the second quarter worth about $1,803,000. Renaissance Technologies LLC bought a new position in i-80 Gold during the second quarter worth about $1,401,000. Bank of New York Mellon Corp boosted its position in i-80 Gold by 42.6% during the second quarter. Bank of New York Mellon Corp now owns 763,663 shares of the company's stock worth $825,000 after purchasing an additional 228,017 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of i-80 Gold by 119.8% in the second quarter. TD Asset Management Inc now owns 428,724 shares of the company's stock valued at $451,000 after acquiring an additional 233,677 shares during the period. 61.31% of the stock is owned by hedge funds and other institutional investors.

i-80 Gold Stock Down 0.5 %

Shares of IAUX stock traded down $0.01 during trading hours on Wednesday, hitting $1.06. 3,570,951 shares of the company's stock were exchanged, compared to its average volume of 4,309,477. i-80 Gold Corp. has a 12-month low of $0.76 and a 12-month high of $1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.54 and a quick ratio of 0.44.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. CIBC cut their price objective on shares of i-80 Gold from $4.25 to $3.50 and set an "outperformer" rating for the company in a research report on Wednesday, July 10th. National Bank Financial lowered 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 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.