i-80 Gold Corp. (NYSE:IAUX) Shares Acquired by Trek Financial LLC

Trek Financial LLC increased its holdings in shares of i-80 Gold Corp. (NYSE:IAUX - Free Report) by 246.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,541,417 shares of the company's stock after buying an additional 4,653,867 shares during the quarter. Trek Financial LLC owned 1.49% of i-80 Gold worth $3,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Tidal Investments LLC increased its stake in shares of i-80 Gold by 66.1% in the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company's stock worth $22,996,000 after acquiring an additional 7,889,867 shares during the period. Geode Capital Management LLC raised its position in shares of i-80 Gold by 22.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company's stock worth $4,377,000 after purchasing an additional 702,326 shares during the last quarter. State Street Corp raised its holdings in shares of i-80 Gold by 16.3% during the third quarter. State Street Corp now owns 4,260,438 shares of the company's stock valued at $4,942,000 after acquiring an additional 596,190 shares during the last quarter. Barclays PLC raised its stake in i-80 Gold by 117.0% in the 3rd quarter. Barclays PLC now owns 604,069 shares of the company's stock valued at $701,000 after purchasing an additional 325,664 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of i-80 Gold by 106.8% in the fourth quarter. LPL Financial LLC now owns 531,440 shares of the company's stock worth $258,000 after buying an additional 274,500 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company's stock.

i-80 Gold Trading Up 10.1 %

IAUX traded up $0.06 during mid-day trading on Friday, hitting $0.60. 5,777,818 shares of the stock were exchanged, compared to its average volume of 5,613,788. The company has a market cap of $266.90 million, a P/E ratio of -1.66 and a beta of 1.26. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average price is $0.66. i-80 Gold Corp. has a 1-year low of $0.34 and a 1-year high of $1.44.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IAUX shares. Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. 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. Stifel Canada cut shares of i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th. Finally, National Bankshares restated an "outperform" rating on shares of i-80 Gold in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.