Legal & General Group Plc Makes New Investment in i-80 Gold Corp. $IAUX

Legal & General Group Plc purchased a new position in shares of i-80 Gold Corp. (NYSE:IAUX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,334,470 shares of the company’s stock, valued at approximately $4,810,000.

A number of other institutional investors have also made changes to their positions in IAUX. State of Wisconsin Investment Board bought a new stake in i-80 Gold during the fourth quarter worth approximately $27,000. Deutsche Bank AG bought a new position in shares of i-80 Gold in the fourth quarter valued at approximately $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of i-80 Gold by 49.5% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock worth $32,000 after buying an additional 7,420 shares during the last quarter. Pasadena Private Wealth LLC acquired a new stake in shares of i-80 Gold in the second quarter worth $36,000. Finally, Cetera Investment Advisers boosted its holdings in shares of i-80 Gold by 143.6% during the 4th quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $39,000 after buying an additional 15,800 shares during the period. 61.31% of the stock is owned by institutional investors.

i-80 Gold Price Performance

Shares of NYSE:IAUX opened at $1.79 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -4.97 and a beta of 1.22. The business has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.58. 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 twelve month low of $0.77 and a twelve month high of $2.24.

Insider Activity at i-80 Gold

In other news, Director John Begeman sold 19,231 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the completion of the sale, the director directly owned 827,354 shares of the company’s stock, valued at approximately $1,439,595.96. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, UBS Group set a $2.60 target price on shares of i-80 Gold in a research note 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.