i-80 Gold Corp. (NYSEAMERICAN:IAUX) Shares Sold by Corundum Trust Company INC

Corundum Trust Company INC decreased its holdings in i-80 Gold Corp. (NYSEAMERICAN:IAUX) by 27.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,000 shares of the company’s stock after selling 20,000 shares during the period. Corundum Trust Company INC’s holdings in i-80 Gold were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Norden Group LLC acquired a new position in shares of i-80 Gold in the first quarter worth $43,000. SG Americas Securities LLC grew its stake in shares of i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock worth $46,000 after acquiring an additional 31,425 shares in the last quarter. Rathbones Group PLC acquired a new position in shares of i-80 Gold during the second quarter worth $47,000. Catalina Capital Group LLC grew its stake in shares of i-80 Gold by 265.7% during the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after purchasing an additional 32,075 shares in the last quarter. Finally, HTLF Bank grew its stake in shares of i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock worth $65,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Trading Down 2.5 %

Shares of IAUX opened at $1.16 on Wednesday. i-80 Gold Corp. has a fifty-two week low of $0.76 and a fifty-two week high of $1.88. The stock has a market cap of $348.70 million, a PE ratio of -4.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.54 and a quick ratio of 0.44.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $7.18 million during the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. Equities research analysts predict that i-80 Gold Corp. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

IAUX has been the subject of a number of analyst reports. CIBC lowered their target price on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a research note on Wednesday, July 10th. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

About i-80 Gold

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.