John Arthur Begeman Sells 19,231 Shares of i-80 Gold (NYSE:IAUX) Stock

i-80 Gold Corp. (NYSE:IAUX) Director John Arthur Begeman sold 19,231 shares of i-80 Gold stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total transaction of $33,461.94. Following the sale, the director owned 827,354 shares in the company, valued at approximately $1,439,595.96. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

i-80 Gold Trading Up 3.5%

NYSE IAUX traded up $0.06 on Wednesday, hitting $1.76. The company’s stock had a trading volume of 5,115,436 shares, compared to its average volume of 12,581,301. 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 $0.77 and a 1-year high of $2.24. The company’s 50-day moving average is $1.52 and its 200 day moving average is $1.58. The firm has a market cap of $1.52 billion, a PE ratio of -4.89 and a beta of 1.22.

Institutional Trading of i-80 Gold

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in i-80 Gold during the 3rd quarter valued at approximately $22,877,000. Amundi lifted its position in shares of i-80 Gold by 8,598.4% in the 4th quarter. Amundi now owns 10,872,975 shares of the company’s stock worth $15,875,000 after purchasing an additional 10,747,975 shares during the period. Tidal Investments LLC boosted its stake in shares of i-80 Gold by 152.2% in the 3rd quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock valued at $10,093,000 after purchasing an additional 6,375,073 shares during the last quarter. BlackRock Inc. bought a new stake in shares of i-80 Gold in the 2nd quarter valued at $6,868,000. Finally, Jane Street Group LLC increased its position 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 buying an additional 3,849,793 shares during the period. 61.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

About i-80 Gold

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.