Rhumbline Advisers Purchases 60,343 Shares of i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Rhumbline Advisers increased its stake in i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,819 shares of the company’s stock after acquiring an additional 60,343 shares during the period. Rhumbline Advisers owned about 0.10% of i-80 Gold worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of i-80 Gold by 28.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock worth $78,000 after purchasing an additional 12,737 shares in the last quarter. HTLF Bank lifted its position in i-80 Gold by 33.3% in the 2nd quarter. HTLF Bank now owns 60,000 shares of the company’s stock valued at $65,000 after acquiring an additional 15,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in i-80 Gold in the 4th quarter valued at approximately $47,000. SG Americas Securities LLC lifted its position in i-80 Gold by 271.7% in the 2nd quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after acquiring an additional 31,425 shares in the last quarter. Finally, Catalina Capital Group LLC lifted its position in i-80 Gold by 265.7% in the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after acquiring an additional 32,075 shares in the last quarter. Institutional investors own 61.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

i-80 Gold Price Performance

NYSEAMERICAN:IAUX opened at $1.18 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 0.19. The stock has a market cap of $354.71 million, a price-to-earnings ratio of -5.13 and a beta of 1.42. i-80 Gold Corp. has a 52 week low of $0.76 and a 52 week high of $1.88.

i-80 Gold (NYSEAMERICAN:IAUX) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $7.18 million for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. As a group, analysts expect that i-80 Gold Corp. will post -0.03 EPS for the current fiscal year.

i-80 Gold Company Profile

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.