UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.21 Million Stock Position in i-80 Gold Corp. $IAUX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in i-80 Gold Corp. (NYSE:IAUX) by 172,838.6% in the 2nd quarter, Holdings Channel reports. The fund owned 838,752 shares of the company’s stock after purchasing an additional 838,267 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in i-80 Gold were worth $1,208,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in i-80 Gold during the 1st quarter valued at about $3,254,000. The Manufacturers Life Insurance Company purchased a new stake in shares of i-80 Gold in the first quarter worth approximately $1,132,000. McAlvany Wealth Management LLC purchased a new stake in shares of i-80 Gold in the first quarter worth approximately $3,536,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of i-80 Gold during the second quarter worth approximately $1,537,000. Finally, Flat Footed LLC purchased a new position in i-80 Gold during the second quarter valued at approximately $2,603,324. 61.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Begeman sold 19,231 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total transaction of $33,461.94. Following the completion of the sale, the director directly owned 827,354 shares of the company’s stock, valued at $1,439,595.96. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, UBS Group set a $2.60 price objective on shares of i-80 Gold in a research note on Tuesday, June 2nd.

i-80 Gold Price Performance

Shares of NYSE:IAUX opened at $1.75 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -4.86 and a beta of 1.22. i-80 Gold Corp. has a 1 year low of $0.86 and a 1 year high of $2.24. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $1.58.

i-80 Gold Profile

i-80 Gold Corp. is a mineral exploration and development company focused on advancing gold projects in Nevada. The company’s portfolio includes the McCoy-Cove, Granite Creek, Ruby Hill and Lone Tree properties, which support exploration, resource development and plans for future mine production.

Its activities include geological exploration, drilling, mine development and the evaluation of processing and infrastructure opportunities. The company’s projects contain gold deposits and may also include silver and other mineralization.