The Manufacturers Life Insurance Company Invests $1.14 Million in i-80 Gold Corp. $IAUX

The Manufacturers Life Insurance Company acquired a new position in shares of i-80 Gold Corp. (NYSE:IAUX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 784,704 shares of the company’s stock, valued at approximately $1,137,000. The Manufacturers Life Insurance Company owned approximately 0.09% of i-80 Gold as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of IAUX. State of Wisconsin Investment Board bought a new stake in shares of i-80 Gold in the fourth quarter worth $27,000. Deutsche Bank AG bought a new position in i-80 Gold in the fourth quarter valued at $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in 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 valued at $32,000 after buying an additional 7,420 shares during the last quarter. Pasadena Private Wealth LLC acquired a new stake in i-80 Gold in the 2nd quarter valued at $36,000. Finally, Cetera Investment Advisers lifted its position in i-80 Gold by 143.6% during the 4th quarter. Cetera Investment Advisers now owns 26,800 shares of the company’s stock worth $39,000 after buying an additional 15,800 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

Insider Transactions at i-80 Gold

In other i-80 Gold news, Director John Begeman sold 19,231 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $1.74, for a total transaction of $33,461.94. Following the sale, the director directly owned 827,354 shares of the company’s stock, valued at approximately $1,439,595.96. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $2.60 price objective on shares of i-80 Gold in a research note on Tuesday, June 2nd.

i-80 Gold Price Performance

NYSE:IAUX opened at $1.79 on Friday. i-80 Gold Corp. has a twelve month low of $0.79 and a twelve month high of $2.24. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -4.97 and a beta of 1.22. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.58.

i-80 Gold 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.