Sprott Inc. Sells 330,737 Shares of i-80 Gold Corp. (NYSE:IAUX)

Sprott Inc. lowered its position in i-80 Gold Corp. (NYSE:IAUX) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,125,261 shares of the company’s stock after selling 330,737 shares during the quarter. Sprott Inc. owned 4.18% of i-80 Gold worth $8,221,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC lifted its position in i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after purchasing an additional 36,000 shares during the period. Intech Investment Management LLC acquired a new position in shares of i-80 Gold in the 3rd quarter valued at $71,000. McAdam LLC lifted its holdings in shares of i-80 Gold by 388.5% during the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after acquiring an additional 51,493 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in shares of i-80 Gold during the 4th quarter valued at about $48,000. Finally, Creative Planning bought a new stake in i-80 Gold in the third quarter valued at about $119,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Trading Down 6.5 %

NYSE:IAUX opened at $0.77 on Wednesday. The company has a market capitalization of $339.86 million, a PE ratio of -2.15 and a beta of 1.28. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.64. The firm has a 50 day moving average price of $0.59.

Analysts Set New Price Targets

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

i-80 Gold Profile

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.