i-80 Gold (NYSEAMERICAN:IAUX) Announces Earnings Results

i-80 Gold (NYSEAMERICAN:IAUX) issued its earnings results on Monday. The company reported ($0.07) EPS for the quarter, reports. The company had revenue of $7.18 million during the quarter. i-80 Gold had a negative return on equity of 20.42% and a negative net margin of 115.35%.

i-80 Gold Price Performance

NYSEAMERICAN IAUX opened at $0.89 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.17 and a debt-to-equity ratio of 0.21. The firm has a market cap of $268.29 million, a price-to-earnings ratio of -3.88 and a beta of 1.42. i-80 Gold has a fifty-two week low of $0.76 and a fifty-two week high of $2.05.

Institutional Trading of i-80 Gold

Hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new position in shares of i-80 Gold during the 4th quarter worth $47,000. Norden Group LLC purchased a new position in i-80 Gold during the first quarter worth about $43,000. SG Americas Securities LLC increased its position in shares of i-80 Gold by 271.7% during the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after acquiring an additional 31,425 shares during the last quarter. Catalina Capital Group LLC raised its stake in shares of i-80 Gold by 265.7% in the 1st 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 period. Finally, Rathbones Group PLC acquired a new position in shares of i-80 Gold in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CIBC cut their price target on 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.

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.