XTX Topco Ltd Takes $198,000 Position in i-80 Gold Corp. (NYSE:IAUX)

XTX Topco Ltd bought a new position in shares of i-80 Gold Corp. (NYSE:IAUX) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 171,085 shares of the company’s stock, valued at approximately $198,000.

Other hedge funds have also added to or reduced their stakes in the company. General American Investors Co. Inc. acquired a new position in i-80 Gold in the 3rd quarter valued at $3,092,000. Renaissance Technologies LLC acquired a new position in shares of i-80 Gold in the second quarter valued at about $1,401,000. Van ECK Associates Corp increased its position in i-80 Gold by 16.3% during the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after acquiring an additional 2,121,050 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in i-80 Gold by 111.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 180,621 shares of the company’s stock worth $210,000 after acquiring an additional 95,039 shares during the period. Finally, Creative Planning acquired a new stake in i-80 Gold in the 3rd quarter worth about $119,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Stock Down 3.3 %

Shares of i-80 Gold stock opened at $0.48 on Friday. The company has a market cap of $144.65 million, a PE ratio of -1.34 and a beta of 1.17. 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 1-year low of $0.34 and a 1-year high of $1.88.

Analysts Set New Price Targets

IAUX has been the topic of several recent research reports. Cormark raised shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.50.

i-80 Gold Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.