Quantbot Technologies LP Takes $577,000 Position in i-80 Gold Corp. $IAUX

Quantbot Technologies LP acquired a new position in i-80 Gold Corp. (NYSE:IAUX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 400,645 shares of the company’s stock, valued at approximately $577,000.

Several other institutional investors have also recently made changes to their positions in IAUX. Renaissance Technologies LLC purchased a new position in i-80 Gold in the 1st quarter worth approximately $3,254,000. The Manufacturers Life Insurance Company purchased a new stake in i-80 Gold during the 1st quarter valued at approximately $1,132,000. McAlvany Wealth Management LLC purchased a new stake in i-80 Gold during the 1st quarter valued at approximately $3,536,000. Groupe la Francaise raised its position in shares of i-80 Gold by 66.7% during the first quarter. Groupe la Francaise now owns 5,500,000 shares of the company’s stock valued at $8,315,000 after buying an additional 2,200,000 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of i-80 Gold during the second quarter valued at approximately $323,000. 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 target price on shares of i-80 Gold in a research report on Tuesday, June 2nd.

i-80 Gold Price Performance

NYSE:IAUX opened at $1.92 on Friday. 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 company has a market capitalization of $1.66 billion, a P/E ratio of -5.33 and a beta of 1.17. i-80 Gold Corp. has a 12 month low of $0.74 and a 12 month high of $2.24. The business’s 50-day moving average is $1.50 and its 200 day 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.