Renaissance Technologies LLC Takes $1.40 Million Position in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Renaissance Technologies LLC acquired a new position in i-80 Gold Corp. (NYSEAMERICAN:IAUX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,296,900 shares of the company's stock, valued at approximately $1,401,000. Renaissance Technologies LLC owned 0.43% of i-80 Gold as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IAUX. Van ECK Associates Corp increased its stake in shares of i-80 Gold by 23.3% in the second quarter. Van ECK Associates Corp now owns 12,999,682 shares of the company's stock worth $14,040,000 after purchasing an additional 2,459,920 shares in the last quarter. Catalina Capital Group LLC increased its stake in shares of i-80 Gold by 265.7% in the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company's stock worth $59,000 after purchasing an additional 32,075 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of i-80 Gold by 28.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company's stock worth $78,000 after purchasing an additional 12,737 shares in the last quarter. Virtu Financial LLC increased its stake in shares of i-80 Gold by 1,365.7% in the first quarter. Virtu Financial LLC now owns 203,962 shares of the company's stock worth $273,000 after purchasing an additional 190,046 shares in the last quarter. Finally, TD Asset Management Inc increased its stake 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 worth $451,000 after purchasing an additional 233,677 shares in the last quarter. Institutional investors own 61.31% of the company's stock.

Analyst Upgrades and Downgrades

Separately, CIBC reduced 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 note on Wednesday, July 10th.

i-80 Gold Trading Up 0.9 %

IAUX stock traded up $0.01 during mid-day trading on Friday, hitting $1.14. 2,455,459 shares of the stock were exchanged, compared to its average volume of 3,854,879. 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 Corp. has a 12 month low of $0.76 and a 12 month high of $1.88. The firm has a market cap of $342.68 million, a P/E ratio of -4.96 and a beta of 1.42.

i-80 Gold (NYSEAMERICAN:IAUX - Get Free Report) last released its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. The company had revenue of $7.18 million during the quarter. Equities analysts anticipate that i-80 Gold Corp. will post -0.03 EPS for the current fiscal year.

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.