Bank of New York Mellon Corp Raises Stock Position in i-80 Gold Corp. (NYSE:IAUX)

Bank of New York Mellon Corp raised its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 710,802 shares of the company’s stock after buying an additional 83,040 shares during the quarter. Bank of New York Mellon Corp’s holdings in i-80 Gold were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in IAUX. Rhumbline Advisers boosted its holdings in i-80 Gold by 14.4% in the 4th quarter. Rhumbline Advisers now owns 372,574 shares of the company’s stock worth $181,000 after buying an additional 46,951 shares during the period. Stratos Wealth Advisors LLC bought a new position in shares of i-80 Gold in the fourth quarter worth about $48,000. McAdam LLC grew its position in shares of i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after purchasing an additional 51,493 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its stake in i-80 Gold by 207.5% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 156,800 shares of the company’s stock valued at $76,000 after purchasing an additional 105,800 shares during the period. Finally, SG Americas Securities LLC raised its stake in i-80 Gold by 23.7% during the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock valued at $63,000 after purchasing an additional 24,740 shares during the period. 61.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IAUX. Cormark upgraded shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Finally, Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Stock Down 3.4 %

IAUX stock opened at $0.61 on Friday. i-80 Gold Corp. has a 52 week low of $0.34 and a 52 week high of $1.51. The company has a market capitalization of $269.66 million, a price-to-earnings ratio of -1.69 and a beta of 1.13. The company’s fifty day simple moving average is $0.66. 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 Company 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.