Van ECK Associates Corp Cuts Stake in i-80 Gold Corp. (NYSE:IAUX)

Van ECK Associates Corp lowered its holdings in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,313,164 shares of the company's stock after selling 2,807,568 shares during the quarter. Van ECK Associates Corp owned 3.04% of i-80 Gold worth $5,972,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. McAdam LLC boosted its stake in shares of i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company's stock valued at $31,000 after purchasing an additional 51,493 shares during the period. Stratos Wealth Advisors LLC purchased a new stake in i-80 Gold in the 4th quarter valued at about $48,000. Murphy Pohlad Asset Management LLC boosted 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 valued at $59,000 after buying an additional 36,000 shares during the period. SG Americas Securities LLC grew its stake in i-80 Gold by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company's stock worth $63,000 after acquiring an additional 24,740 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of i-80 Gold during the third quarter worth approximately $71,000. Institutional investors own 61.31% of the company's stock.

i-80 Gold Stock Performance

i-80 Gold stock traded up $0.03 during mid-day trading on Friday, reaching $0.83. 4,535,804 shares of the company were exchanged, compared to its average volume of 3,498,050. i-80 Gold Corp. has a 12-month low of $0.34 and a 12-month high of $1.64. The firm's fifty day moving average is $0.58. The firm has a market cap of $364.62 million, a price-to-earnings ratio of -2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IAUX shares. National Bank Financial raised i-80 Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Ventum Cap Mkts downgraded i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Cormark upgraded i-80 Gold to a "hold" rating in a research note on Thursday, November 14th. Stifel Canada lowered shares of i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 30th. Finally, Cibc World Mkts downgraded shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $3.50.

About i-80 Gold

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.