Key Points
- Director Steven Yopps bought 50,000 shares of i-80 Gold at $1.47 per share, totaling $73,500. The purchase increased his stake to 50,000 shares.
- i-80 Gold last traded at $1.46 and has a market cap of about $1.26 billion. The stock has ranged from a 12-month low of $0.50 to a high of $2.24.
- Institutional ownership remains high, with hedge funds and other investors holding 61.31% of the company. Recent filings show several funds adding positions, including Healthcare of Ontario Pension Plan Trust Fund boosting its stake by 75%.
i-80 Gold Corp. (NYSE:IAUX - Get Free Report) Director Steven Yopps bought 50,000 shares of the business's stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $1.47 per share, with a total value of $73,500.00. Following the transaction, the director owned 50,000 shares of the company's stock, valued at $73,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
i-80 Gold Stock Performance
Shares of IAUX opened at $1.46 on Tuesday. 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 stock has a market cap of $1.26 billion, a P/E ratio of -4.06 and a beta of 1.12. The company has a 50-day moving average of $1.57 and a two-hundred day moving average of $1.52. i-80 Gold Corp. has a 12-month low of $0.50 and a 12-month high of $2.24.
Hedge Funds Weigh In On i-80 Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new position in i-80 Gold during the first quarter worth about $43,000. The Manufacturers Life Insurance Company acquired a new position in i-80 Gold during the first quarter worth about $1,132,000. SummitTX Capital L.P. acquired a new position in i-80 Gold during the first quarter worth about $172,000. Waverly Advisors LLC acquired a new position in i-80 Gold during the first quarter worth about $81,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in i-80 Gold by 75.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 521,102 shares of the company's stock worth $790,000 after acquiring an additional 223,302 shares during the last quarter. Institutional investors and hedge funds own 61.31% of the company's stock.
i-80 Gold Company Profile
(
Get Free Report)
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.
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