Caisse de depot et placement du Quebec Acquires New Position in i-80 Gold Corp. $IAUX

Caisse de depot et placement du Quebec acquired a new stake in i-80 Gold Corp. (NYSE:IAUX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 856,678 shares of the company’s stock, valued at approximately $1,244,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in shares of i-80 Gold during the 3rd quarter valued at $22,877,000. Amundi increased its stake in shares of i-80 Gold by 8,598.4% in the fourth quarter. Amundi now owns 10,872,975 shares of the company’s stock worth $15,875,000 after acquiring an additional 10,747,975 shares during the last quarter. Tidal Investments LLC increased its stake in shares of i-80 Gold by 152.2% in the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after acquiring an additional 6,375,073 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of i-80 Gold during the second quarter worth $6,868,000. Finally, Jane Street Group LLC raised its holdings in shares of i-80 Gold by 1,595.1% during the second quarter. Jane Street Group LLC now owns 4,091,149 shares of the company’s stock worth $2,525,000 after acquiring an additional 3,849,793 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 i-80 Gold in a research note on Tuesday, June 2nd.

i-80 Gold Price Performance

Shares of IAUX opened at $1.85 on Monday. The firm has a market cap of $1.60 billion, a PE ratio of -5.14 and a beta of 1.17. The firm’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold Corp. has a twelve month low of $0.77 and a twelve month high of $2.24.

i-80 Gold Company Profile

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.