2,665,199 Shares in i-80 Gold Corp. (NYSEAMERICAN:IAUX) Purchased by General American Investors Co. Inc.

General American Investors Co. Inc. acquired a new stake in i-80 Gold Corp. (NYSEAMERICAN:IAUX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,665,199 shares of the company’s stock, valued at approximately $3,092,000.

A number of other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in shares of i-80 Gold by 16.3% during the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after buying an additional 2,121,050 shares during the period. Tidal Investments LLC acquired a new stake in i-80 Gold during the first quarter worth approximately $10,746,000. NewGen Asset Management Ltd bought a new stake in shares of i-80 Gold during the second quarter worth approximately $1,803,000. Renaissance Technologies LLC acquired a new position in shares of i-80 Gold in the second quarter valued at approximately $1,401,000. Finally, Bank of New York Mellon Corp increased its stake in shares of i-80 Gold by 42.6% during the second quarter. Bank of New York Mellon Corp now owns 763,663 shares of the company’s stock worth $825,000 after purchasing an additional 228,017 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Trading Down 3.8 %

Shares of NYSEAMERICAN:IAUX traded down $0.04 on Thursday, reaching $1.02. 314,124 shares of the company’s stock were exchanged, compared to its average volume of 3,870,925. i-80 Gold Corp. has a twelve month low of $0.76 and a twelve month high of $1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.44 and a current ratio of 0.54.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $7.18 million for the quarter. i-80 Gold had a negative return on equity of 21.06% and a negative net margin of 162.24%. As a group, sell-side analysts predict that i-80 Gold Corp. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

IAUX has been the subject of several recent research reports. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. CIBC reduced their target price on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a research report on Wednesday, July 10th.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.