i-80 Gold (NYSE:IAUX) Director Steven Yopps Purchases 50,000 Shares

i-80 Gold Corp. (NYSE:IAUX) Director Steven Yopps acquired 50,000 shares of i-80 Gold stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $1.47 per share, with a total value of $73,500.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $73,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

i-80 Gold Stock Down 1.4%

Shares of NYSE IAUX opened at $1.46 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a 52 week low of $0.50 and a 52 week high of $2.24. The firm has a 50-day moving average price of $1.57 and a 200 day moving average price of $1.52. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -4.06 and a beta of 1.12.

Institutional Trading of i-80 Gold

Several hedge funds and other institutional investors have recently made changes to their positions in IAUX. AQR Capital Management LLC lifted its stake 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 period. Goldman Sachs Group Inc. lifted its stake in shares of i-80 Gold by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,436,918 shares of the company’s stock valued at $2,000,000 after purchasing an additional 987,083 shares during the period. Quantbot Technologies LP acquired a new stake in shares of i-80 Gold in the second quarter valued at about $71,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 63,840 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of i-80 Gold in the second quarter valued at about $62,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

About i-80 Gold

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.