747,168 Shares in i-80 Gold Corp. $IAUX Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of i-80 Gold Corp. (NYSE:IAUX) during the 1st quarter, Holdings Channel.com reports. The fund purchased 747,168 shares of the company’s stock, valued at approximately $1,132,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAUX. Vanguard Group Inc. bought a new stake in i-80 Gold in the third quarter worth about $22,877,000. Pale Fire Capital SE boosted its position in shares of i-80 Gold by 0.8% during the first quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company’s stock valued at $31,681,000 after buying an additional 174,741 shares during the period. Amundi grew its stake in shares of i-80 Gold by 8,598.4% during the fourth quarter. Amundi now owns 10,872,975 shares of the company’s stock valued at $15,875,000 after buying an additional 10,747,975 shares during the last quarter. Tidal Investments LLC grew its stake in shares of i-80 Gold by 152.2% during the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock valued at $10,093,000 after buying an additional 6,375,073 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of i-80 Gold by 68.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,161,339 shares of the company’s stock worth $7,536,000 after buying an additional 2,105,235 shares during the period. 61.31% of the stock is owned by hedge funds and other institutional investors.

i-80 Gold Stock Performance

IAUX stock opened at $1.66 on Wednesday. i-80 Gold Corp. has a 1-year low of $0.57 and a 1-year high of $2.24. The business has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.59. The company has a market capitalization of $1.44 billion, a P/E ratio of -4.61 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Wall Street Analyst Weigh In

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

Insider Transactions at i-80 Gold

In other i-80 Gold news, Director John Arthur Begeman sold 24,356 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $1.59, for a total transaction of $38,726.04. Following the transaction, the director owned 827,354 shares of the company’s stock, valued at approximately $1,315,492.86. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven W. Yopps purchased 50,000 shares of i-80 Gold stock in a transaction dated Friday, May 15th. The stock was acquired 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 approximately $73,500. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.42% of the company’s stock.

i-80 Gold Company 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.