McAlvany Wealth Management LLC Invests $3.54 Million in i-80 Gold Corp. $IAUX

McAlvany Wealth Management LLC bought a new stake in i-80 Gold Corp. (NYSE:IAUX) in the first quarter, Holdings Channel reports. The institutional investor bought 2,507,979 shares of the company’s stock, valued at approximately $3,536,000. i-80 Gold comprises about 2.2% of McAlvany Wealth Management LLC’s holdings, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC increased its holdings in i-80 Gold by 1,345.4% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 worth $2,000,000 after purchasing an additional 987,083 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of i-80 Gold during the second quarter worth $71,000. EverSource Wealth Advisors LLC grew its holdings in shares of i-80 Gold by 19,522.9% during the second quarter. EverSource Wealth Advisors LLC now owns 64,167 shares of the company’s stock worth $38,000 after purchasing an additional 63,840 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of i-80 Gold during the second quarter worth $62,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Price Performance

Shares of IAUX stock opened at $1.29 on Friday. i-80 Gold Corp. has a 1 year low of $0.55 and a 1 year high of $2.24. 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 firm’s 50 day moving average is $1.48 and its 200-day moving average is $1.60. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.58 and a beta of 1.15.

Insider Activity at i-80 Gold

In other news, Director Steven W. Yopps acquired 50,000 shares of i-80 Gold stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $1.47 per share, with a total value of $73,500.00. Following the acquisition, the director owned 50,000 shares in the company, valued at $73,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Arthur Begeman sold 24,356 shares of the stock in a transaction 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 completion of the transaction, the director owned 827,354 shares in the company, valued at $1,315,492.86. The trade was a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

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

i-80 Gold 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.