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

i-80 Gold Corp. (NYSE:IAUX) Director John Arthur Begeman sold 19,231 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the transaction, the director directly owned 827,354 shares of the company’s stock, valued at approximately $1,439,595.96. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

i-80 Gold Stock Up 3.5%

IAUX opened at $1.76 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The business has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $1.58. The stock has a market capitalization of $1.52 billion, a P/E ratio of -4.89 and a beta of 1.22. i-80 Gold Corp. has a 12 month low of $0.77 and a 12 month high of $2.24.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. acquired a new stake in shares of i-80 Gold during the 2nd quarter valued at approximately $25,000. State of Wisconsin Investment Board acquired a new stake in shares of i-80 Gold in the 4th quarter worth approximately $27,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of i-80 Gold by 49.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock worth $32,000 after acquiring an additional 7,420 shares during the period. Deutsche Bank AG purchased a new position in i-80 Gold in the 4th quarter valued at approximately $32,000. Finally, Pasadena Private Wealth LLC purchased a new position in i-80 Gold in the 2nd quarter valued at approximately $36,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

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.