Euro Pacific Asset Management LLC Sells 1,192,864 Shares of i-80 Gold Corp. (NYSE:IAUX)

Euro Pacific Asset Management LLC trimmed its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,571,215 shares of the company’s stock after selling 1,192,864 shares during the quarter. Euro Pacific Asset Management LLC owned approximately 2.12% of i-80 Gold worth $4,133,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IAUX. Murphy Pohlad Asset Management LLC boosted its position in shares of 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 worth $59,000 after purchasing an additional 36,000 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of i-80 Gold during the third quarter worth about $71,000. Creative Planning purchased a new stake in shares of i-80 Gold during the third quarter worth approximately $119,000. SG Americas Securities LLC boosted its position in i-80 Gold by 142.7% during the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock worth $121,000 after acquiring an additional 61,337 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of i-80 Gold by 857.1% in the second quarter. Mackenzie Financial Corp now owns 116,368 shares of the company’s stock valued at $123,000 after purchasing an additional 104,210 shares during the last quarter. 61.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IAUX shares. Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. 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. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, i-80 Gold presently has a consensus rating of “Moderate Buy” and an average target price of $3.50.

i-80 Gold Stock Performance

Shares of IAUX stock opened at $0.56 on Friday. i-80 Gold Corp. has a one year low of $0.34 and a one year high of $1.78. 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 business has a 50 day moving average of $0.57.

i-80 Gold (NYSE:IAUX) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $11.51 million for the quarter. i-80 Gold had a negative return on equity of 21.18% and a negative net margin of 231.43%. On average, research analysts forecast that i-80 Gold Corp. will post -0.2 earnings per share for the current year.

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.