i-80 Gold (NYSEAMERICAN:IAUX) Announces Earnings Results

i-80 Gold (NYSEAMERICAN:IAUX) issued its earnings results on Monday. The company reported ($0.07) EPS for the quarter, reports. i-80 Gold had a negative net margin of 115.35% and a negative return on equity of 20.42%. The business had revenue of $7.18 million for the quarter.

i-80 Gold Stock Performance

Shares of NYSEAMERICAN IAUX opened at $0.89 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.30 and a debt-to-equity ratio of 0.21. The company has a market cap of $268.29 million, a P/E ratio of -3.88 and a beta of 1.42. i-80 Gold has a 52-week low of $0.76 and a 52-week high of $2.05.

Institutional Trading of i-80 Gold

Several hedge funds have recently added to or reduced their stakes in IAUX. Bleakley Financial Group LLC lifted its stake in i-80 Gold by 466.6% in the fourth quarter. Bleakley Financial Group LLC now owns 182,321 shares of the company’s stock valued at $321,000 after buying an additional 150,141 shares in the last quarter. Simplicity Solutions LLC boosted its stake in i-80 Gold by 466.6% in the 4th quarter. Simplicity Solutions LLC now owns 182,321 shares of the company’s stock worth $321,000 after purchasing an additional 150,141 shares during the period. Mackenzie Financial Corp increased its holdings in i-80 Gold by 8.2% during the 4th quarter. Mackenzie Financial Corp now owns 98,295 shares of the company’s stock worth $173,000 after purchasing an additional 7,469 shares in the last quarter. HTLF Bank acquired a new stake in shares of i-80 Gold in the 4th quarter valued at about $79,000. Finally, Van ECK Associates Corp lifted its holdings in shares of i-80 Gold by 8.2% in the fourth quarter. Van ECK Associates Corp now owns 10,901,905 shares of the company’s stock valued at $19,187,000 after purchasing an additional 828,832 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CIBC cut their target price on i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a research note on Wednesday, July 10th.

i-80 Gold Company Profile

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.