Oxbow Advisors LLC Lowers Stock Position in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Oxbow Advisors LLC trimmed its holdings in shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 51.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,806 shares of the company’s stock after selling 49,129 shares during the period. Oxbow Advisors LLC’s holdings in i-80 Gold were worth $49,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TD Asset Management Inc lifted its stake in shares of i-80 Gold by 119.8% in the second quarter. TD Asset Management Inc now owns 428,724 shares of the company’s stock valued at $451,000 after purchasing an additional 233,677 shares during the period. Rhumbline Advisers increased its holdings in i-80 Gold by 23.8% in the second quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock valued at $339,000 after buying an additional 60,343 shares in the last quarter. NewGen Asset Management Ltd acquired a new stake in shares of i-80 Gold during the 2nd quarter valued at approximately $1,803,000. Van ECK Associates Corp boosted its stake in shares of i-80 Gold by 23.3% during the 2nd quarter. Van ECK Associates Corp now owns 12,999,682 shares of the company’s stock worth $14,040,000 after acquiring an additional 2,459,920 shares in the last quarter. Finally, Skylands Capital LLC purchased a new stake in shares of i-80 Gold during the 2nd quarter worth approximately $180,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Price Performance

Shares of NYSEAMERICAN IAUX opened at $0.97 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.17 and a current ratio of 0.30. i-80 Gold Corp. has a 52 week low of $0.76 and a 52 week high of $1.89. The stock has a market capitalization of $291.37 million, a P/E ratio of -4.21 and a beta of 1.42.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $7.18 million for the quarter. i-80 Gold had a negative return on equity of 21.43% and a negative net margin of 162.24%. Equities research analysts forecast that i-80 Gold Corp. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, CIBC reduced their price objective on i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a report on Wednesday, July 10th.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.