i-80 Gold Corp. (NYSE:IAUX) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed 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 13F filing with the Securities and Exchange Commission. The firm owned 180,000 shares of the company’s stock after selling 76,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in i-80 Gold were worth $209,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC acquired a new stake in i-80 Gold in the 1st quarter valued at about $10,746,000. General American Investors Co. Inc. acquired a new stake in shares of i-80 Gold in the third quarter valued at approximately $3,092,000. Van ECK Associates Corp increased its stake in shares of i-80 Gold by 23.3% during the 2nd quarter. Van ECK Associates Corp now owns 12,999,682 shares of the company’s stock worth $14,040,000 after purchasing an additional 2,459,920 shares in the last quarter. NewGen Asset Management Ltd acquired a new position in shares of i-80 Gold during the 2nd quarter worth approximately $1,803,000. Finally, Renaissance Technologies LLC purchased a new stake in i-80 Gold in the 2nd quarter valued at approximately $1,401,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Price Performance

Shares of i-80 Gold stock opened at $0.68 on Tuesday. The firm has a market cap of $205.34 million, a price-to-earnings ratio of -1.90 and a beta of 1.45. 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 Corp. has a fifty-two week low of $0.34 and a fifty-two week high of $1.88.

Wall Street Analyst Weigh In

IAUX has been the subject of several recent research reports. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

i-80 Gold Company 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.