Key Points
- Director John Arthur Begeman sold 19,231 i-80 Gold shares at an average price of $1.74, generating $33,461.94. His remaining direct holdings totaled 827,354 shares, a 2.27% reduction.
- i-80 Gold shares opened at $1.76, with a $1.52 billion market capitalization and a 52-week trading range of $0.77 to $2.24. The company reported weak liquidity ratios, including a 0.22 quick ratio and 0.33 current ratio.
- Institutional investors own 61.31% of the company, with several hedge funds establishing new positions during the first and second quarters. UBS Group separately assigned the stock a $2.60 price target.
i-80 Gold Corp. (NYSE:IAUX - Get Free Report) Director John Arthur Begeman sold 19,231 shares of i-80 Gold stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the transaction, the director directly owned 827,354 shares of the company's stock, valued at $1,439,595.96. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
i-80 Gold Price Performance
i-80 Gold stock opened at $1.76 on Thursday. The firm has a market capitalization of $1.52 billion, a PE ratio of -4.89 and a beta of 1.22. i-80 Gold Corp. has a 52 week low of $0.77 and a 52 week high of $2.24. The firm's 50-day simple moving average is $1.52 and its 200 day simple moving average is $1.58. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.
Hedge Funds Weigh In On i-80 Gold
Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in shares of i-80 Gold in the first quarter valued at $3,254,000. The Manufacturers Life Insurance Company acquired a new stake in shares of i-80 Gold during the first quarter valued at $1,132,000. McAlvany Wealth Management LLC purchased a new stake in i-80 Gold during the 1st quarter worth about $3,536,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in i-80 Gold during the 2nd quarter worth about $1,537,000. Finally, Flat Footed LLC acquired a new position in i-80 Gold in the 2nd quarter valued at about $2,603,324. Hedge funds and other institutional investors own 61.31% of the company's stock.
Wall Street Analyst Weigh In
Separately, UBS Group set a $2.60 price target on shares of i-80 Gold in a report on Tuesday, June 2nd.
Check Out Our Latest Stock Analysis on i-80 Gold
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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