Murphy Pohlad Asset Management LLC Purchases 105,800 Shares of i-80 Gold Corp. (NYSE:IAUX)

Murphy Pohlad Asset Management LLC grew its position in shares of i-80 Gold Corp. (NYSE:IAUX) by 207.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,800 shares of the company’s stock after acquiring an additional 105,800 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in i-80 Gold were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IAUX. Tidal Investments LLC grew its stake in shares of i-80 Gold by 66.1% in the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock valued at $22,996,000 after buying an additional 7,889,867 shares in the last quarter. Van ECK Associates Corp grew its position in shares of i-80 Gold by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after acquiring an additional 2,121,050 shares during the period. State Street Corp increased its stake in shares of i-80 Gold by 16.3% during the 3rd quarter. State Street Corp now owns 4,260,438 shares of the company’s stock worth $4,942,000 after purchasing an additional 596,190 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of i-80 Gold by 22.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after purchasing an additional 702,326 shares during the period. Finally, General American Investors Co. Inc. acquired a new stake in i-80 Gold in the 3rd quarter valued at about $3,092,000. 61.31% of the stock is owned by institutional investors.

i-80 Gold Stock Performance

Shares of IAUX stock opened at $0.55 on Thursday. The stock’s fifty day moving average price is $0.57. i-80 Gold Corp. has a twelve month low of $0.34 and a twelve month high of $1.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

i-80 Gold (NYSE:IAUX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $11.51 million during the quarter. i-80 Gold had a negative return on equity of 21.18% and a negative net margin of 231.43%. On average, equities analysts anticipate that i-80 Gold Corp. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

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.