Ingalls & Snyder LLC Sells 85,000 Shares of i-80 Gold Corp. (NYSE:IAUX)

Ingalls & Snyder LLC lessened its holdings in shares of i-80 Gold Corp. (NYSE:IAUX) by 48.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,480 shares of the company’s stock after selling 85,000 shares during the quarter. Ingalls & Snyder LLC’s holdings in i-80 Gold were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAUX. SG Americas Securities LLC raised its holdings in shares of i-80 Gold by 142.7% during the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock valued at $121,000 after acquiring an additional 61,337 shares in the last quarter. Creative Planning bought a new position in i-80 Gold in the third quarter worth $119,000. Wealth Enhancement Advisory Services LLC raised its holdings in i-80 Gold by 111.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 180,621 shares of the company’s stock worth $210,000 after purchasing an additional 95,039 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in i-80 Gold by 240.0% in the third 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. Finally, Van ECK Associates Corp raised its holdings in i-80 Gold by 16.3% in the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after purchasing an additional 2,121,050 shares in the last quarter. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Trading Down 0.8 %

NYSE IAUX opened at $0.70 on Friday. i-80 Gold Corp. has a 12 month low of $0.34 and a 12 month high of $1.64. The stock has a market capitalization of $306.42 million, a PE ratio of -1.94 and a beta of 1.29. The business has a fifty day moving average of $0.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

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

Analyst Upgrades and Downgrades

IAUX has been the subject of a number of research reports. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Cormark upgraded i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Finally, National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.