913,485 Shares in i-80 Gold Corp. $IAUX Acquired by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in i-80 Gold Corp. (NYSE:IAUX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 913,485 shares of the company’s stock, valued at approximately $1,326,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in i-80 Gold in the third quarter worth $22,877,000. Amundi lifted its position in shares of i-80 Gold by 8,598.4% during the 4th 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 3rd quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after acquiring an additional 6,375,073 shares during the period. BlackRock Inc. bought a new position in shares of i-80 Gold during the 2nd quarter worth $6,868,000. Finally, Jane Street Group LLC increased its holdings in i-80 Gold by 1,595.1% in the 2nd quarter. Jane Street Group LLC now owns 4,091,149 shares of the company’s stock worth $2,525,000 after acquiring an additional 3,849,793 shares during the last quarter. 61.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

i-80 Gold Stock Performance

i-80 Gold stock opened at $1.92 on Friday. i-80 Gold Corp. has a 1-year low of $0.74 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 has a market capitalization of $1.66 billion, a PE ratio of -5.33 and a beta of 1.17. The firm’s 50 day simple moving average is $1.50 and its 200 day simple moving average is $1.59.

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.