Pekin Hardy Strauss Inc. Cuts Holdings in i-80 Gold Corp. (NYSE:IAUX)

Pekin Hardy Strauss Inc. cut its stake in shares of i-80 Gold Corp. (NYSE:IAUX) by 29.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,000 shares of the company’s stock after selling 76,000 shares during the quarter. Pekin Hardy Strauss Inc. owned approximately 0.06% of i-80 Gold worth $209,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of i-80 Gold by 28.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after purchasing an additional 12,737 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of i-80 Gold during the first quarter worth about $10,746,000. Virtu Financial LLC lifted its holdings in shares of i-80 Gold by 1,365.7% in the 1st quarter. Virtu Financial LLC now owns 203,962 shares of the company’s stock valued at $273,000 after purchasing an additional 190,046 shares during the last quarter. SG Americas Securities LLC boosted its holdings 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 valued at $46,000 after acquiring an additional 31,425 shares during the period. Finally, HTLF Bank raised its position in i-80 Gold by 33.3% in the 2nd quarter. HTLF Bank now owns 60,000 shares of the company’s stock valued at $65,000 after purchasing an additional 15,000 shares during the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Stock Up 5.6 %

Shares of NYSE:IAUX opened at $0.68 on Tuesday. i-80 Gold Corp. has a fifty-two week low of $0.34 and a fifty-two week high of $1.88. 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 market capitalization of $205.34 million, a PE ratio of -1.90 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of research analysts have commented on IAUX shares. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, National Bank Financial downgraded 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. 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.