Skylands Capital LLC Invests $180,000 in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Skylands Capital LLC acquired a new stake in i-80 Gold Corp. (NYSEAMERICAN:IAUX) in the 2nd quarter, Holdings Channel reports. The fund acquired 166,750 shares of the company’s stock, valued at approximately $180,000.

Other institutional investors also recently bought and sold shares of the company. Simplicity Wealth LLC acquired a new position in shares of i-80 Gold in the 1st quarter valued at $153,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of i-80 Gold in the fourth quarter worth about $47,000. Van ECK Associates Corp boosted its stake in shares of i-80 Gold by 8.2% during the 4th quarter. Van ECK Associates Corp now owns 10,901,905 shares of the company’s stock worth $19,187,000 after acquiring an additional 828,832 shares in the last quarter. Catalina Capital Group LLC grew its position in shares of i-80 Gold by 265.7% during the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after acquiring an additional 32,075 shares during the period. Finally, Virtu Financial LLC raised its holdings in i-80 Gold by 1,365.7% in the 1st quarter. Virtu Financial LLC now owns 203,962 shares of the company’s stock worth $273,000 after purchasing an additional 190,046 shares during the period. 61.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, CIBC dropped their price objective on i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a report on Wednesday, July 10th.

i-80 Gold Stock Performance

Shares of NYSEAMERICAN:IAUX remained flat at $1.06 during mid-day trading on Tuesday. 2,033,180 shares of the company were exchanged, compared to its average volume of 3,571,888. i-80 Gold Corp. has a 1 year low of $0.76 and a 1 year high of $2.05. The stock has a market cap of $318.64 million, a PE ratio of -4.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.30 and a quick ratio of 0.17.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $7.18 million for the quarter. i-80 Gold had a negative return on equity of 20.42% and a negative net margin of 115.35%. Research analysts forecast that i-80 Gold Corp. will post 0.05 earnings per share for the current fiscal year.

i-80 Gold Profile

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.