Murphy Pohlad Asset Management LLC Increases Stake in i-80 Gold Corp. (NYSE:IAUX)

Murphy Pohlad Asset Management LLC raised its position in i-80 Gold Corp. (NYSE:IAUX) by 19.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 186,800 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in i-80 Gold were worth $109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in i-80 Gold by 429.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company’s stock worth $2,867,000 after purchasing an additional 4,793,333 shares in the last quarter. Trek Financial LLC raised its stake in shares of i-80 Gold by 246.6% during the 4th quarter. Trek Financial LLC now owns 6,541,417 shares of the company’s stock worth $3,173,000 after buying an additional 4,653,867 shares in the last quarter. NewGen Asset Management Ltd purchased a new position in shares of i-80 Gold during the 4th quarter worth approximately $1,415,000. Amitell Capital Pte Ltd acquired a new stake in shares of i-80 Gold in the 4th quarter valued at approximately $590,000. Finally, Jane Street Group LLC boosted its stake in shares of i-80 Gold by 231.6% in the fourth quarter. Jane Street Group LLC now owns 994,388 shares of the company’s stock valued at $477,000 after buying an additional 694,477 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Performance

NYSE:IAUX opened at $0.67 on Monday. 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 company has a market capitalization of $525.20 million, a P/E ratio of -1.85 and a beta of 1.10. The firm has a 50-day moving average price of $0.58 and a two-hundred day moving average price of $0.60. i-80 Gold Corp. has a twelve month low of $0.34 and a twelve month high of $1.26.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IAUX. Scotiabank lowered their price target on shares of i-80 Gold from $2.25 to $1.50 and set a “sector outperform” rating on the stock in a research note on Monday, June 2nd. Royal Bank of Canada dropped their target price on shares of i-80 Gold from $2.00 to $1.50 and set an “outperform” rating for the company in a report on Monday, June 2nd. National Bankshares reiterated an “outperform” rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Finally, Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, i-80 Gold currently has an average rating of “Moderate Buy” and a consensus price target of $2.17.

i-80 Gold Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.