John Arthur Begeman Sells 19,231 Shares of i-80 Gold (NYSE:IAUX) Stock

i-80 Gold Corp. (NYSE:IAUX) Director John Begeman sold 19,231 shares of i-80 Gold stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $1.74, for a total value of $33,461.94. Following the sale, the director directly owned 827,354 shares in the company, valued at $1,439,595.96. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

i-80 Gold Trading Up 1.7%

IAUX stock opened at $1.79 on Friday. i-80 Gold Corp. has a 1-year low of $0.77 and a 1-year high of $2.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -4.97 and a beta of 1.22. The business has a 50 day simple moving average of $1.53 and a two-hundred day simple moving average of $1.58.

Institutional Investors Weigh In On i-80 Gold

A number of hedge funds have recently bought and sold shares of IAUX. State of Wisconsin Investment Board purchased a new position in shares of i-80 Gold in the 4th quarter worth $27,000. Deutsche Bank AG bought a new position in shares of i-80 Gold in the 4th quarter valued at about $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of i-80 Gold by 49.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock valued at $32,000 after acquiring an additional 7,420 shares during the last quarter. Pasadena Private Wealth LLC purchased a new position in i-80 Gold in the second quarter worth about $36,000. Finally, Cetera Investment Advisers grew its position in i-80 Gold by 143.6% in the fourth quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $39,000 after acquiring an additional 15,800 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.