Key Points
- Director John Arthur Begeman sold 24,356 shares of i-80 Gold on May 28 at an average price of $1.59, totaling about $38,726. After the sale, he still held 827,354 shares, reducing his ownership by 2.86%.
- IAUX shares were trading around $1.60 at the time of the report, with a market capitalization of about $1.38 billion. The stock has traded between $0.51 and $2.24 over the past 52 weeks.
- Institutional ownership is significant, with hedge funds and other investors holding 61.31% of the stock. Recent position changes included large increases from firms such as AQR Capital Management and Goldman Sachs.
i-80 Gold Corp. (NYSE:IAUX - Get Free Report) Director John Arthur Begeman sold 24,356 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $1.59, for a total transaction of $38,726.04. Following the completion of the sale, the director owned 827,354 shares in the company, valued at $1,315,492.86. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
i-80 Gold Stock Performance
Shares of IAUX stock opened at $1.60 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The company has a market capitalization of $1.38 billion, a P/E ratio of -4.44 and a beta of 1.12. The company's 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.56. i-80 Gold Corp. has a 52 week low of $0.51 and a 52 week high of $2.24.
Institutional Trading of i-80 Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in IAUX. AQR Capital Management LLC raised its holdings in shares of i-80 Gold by 1,345.4% in the first quarter. AQR Capital Management LLC now owns 195,706 shares of the company's stock valued at $114,000 after purchasing an additional 182,166 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in i-80 Gold by 40.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,436,918 shares of the company's stock worth $2,000,000 after purchasing an additional 987,083 shares during the period. Quantbot Technologies LP acquired a new position in shares of i-80 Gold in the second quarter valued at about $71,000. EverSource Wealth Advisors LLC grew its stake in shares of i-80 Gold by 19,522.9% in the second quarter. EverSource Wealth Advisors LLC now owns 64,167 shares of the company's stock valued at $38,000 after acquiring an additional 63,840 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of i-80 Gold in the second quarter valued at about $62,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.
About i-80 Gold
(
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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