i-80 Gold (NYSE:IAUX) Director Sells $38,726.04 in Stock

i-80 Gold Corp. (NYSE:IAUX) Director John Arthur Begeman sold 24,356 shares of i-80 Gold stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $1.59, for a total value of $38,726.04. Following the sale, the director owned 827,354 shares of the company’s stock, valued at approximately $1,315,492.86. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

i-80 Gold Stock Performance

Shares of IAUX opened at $1.53 on Thursday. The company has a market cap of $1.32 billion, a PE ratio of -4.25 and a beta of 1.13. 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 stock has a 50-day moving average price of $1.56 and a 200-day moving average price of $1.57. i-80 Gold Corp. has a 12-month low of $0.55 and a 12-month high of $2.24.

Wall Street Analyst Weigh In

Separately, UBS Group set a $2.60 target price on i-80 Gold in a research report on Tuesday.

Institutional Trading of i-80 Gold

A number of hedge funds have recently bought and sold shares of the company. Groupe la Francaise lifted its position in i-80 Gold by 66.7% in the 1st quarter. Groupe la Francaise now owns 5,500,000 shares of the company’s stock worth $8,315,000 after buying an additional 2,200,000 shares during the last quarter. Bank of America Corp DE lifted its position in i-80 Gold by 214.8% in the 1st quarter. Bank of America Corp DE now owns 2,086,685 shares of the company’s stock worth $3,172,000 after buying an additional 1,423,909 shares during the last quarter. Empowered Funds LLC bought a new stake in i-80 Gold in the 1st quarter worth approximately $43,000. The Manufacturers Life Insurance Company bought a new stake in i-80 Gold in the 1st quarter worth approximately $1,132,000. Finally, SummitTX Capital L.P. purchased a new position in i-80 Gold in the 1st quarter worth approximately $172,000. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Company Profile

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.