Flat Footed LLC Acquires New Holdings in i-80 Gold Corp. $IAUX

Flat Footed LLC acquired a new position in i-80 Gold Corp. (NYSE:IAUX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,807,864 shares of the company’s stock, valued at approximately $2,603,324,000. i-80 Gold accounts for approximately 0.2% of Flat Footed LLC’s investment portfolio, making the stock its 16th biggest holding. Flat Footed LLC owned about 0.21% of i-80 Gold at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAUX. Banco BTG Pactual S.A. bought a new stake in shares of i-80 Gold during the 2nd quarter worth about $25,000. State of Wisconsin Investment Board acquired a new position in shares of i-80 Gold during the fourth quarter valued at approximately $27,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of i-80 Gold by 49.5% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock valued at $32,000 after acquiring an additional 7,420 shares during the period. Deutsche Bank AG bought a new stake in i-80 Gold during the fourth quarter worth approximately $32,000. Finally, Pasadena Private Wealth LLC bought a new stake in i-80 Gold during the second quarter worth approximately $36,000. Institutional investors own 61.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group set a $2.60 target price on i-80 Gold in a research report on Tuesday, June 2nd.

Insider Activity

In other news, Director John Arthur Begeman sold 24,356 shares of i-80 Gold stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $1.59, for a total value of $38,726.04. Following the transaction, the director owned 827,354 shares of the company’s stock, valued at $1,315,492.86. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.42% of the stock is owned by corporate insiders.

i-80 Gold Price Performance

Shares of i-80 Gold stock opened at $1.92 on Wednesday. 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 company’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.58. i-80 Gold Corp. has a 52 week low of $0.74 and a 52 week high of $2.24. The stock has a market cap of $1.66 billion, a PE ratio of -5.33 and a beta of 1.17.

i-80 Gold Company Profile

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.