Kohmann Bosshard Financial Services LLC Purchases 54,000 Shares of i-80 Gold Corp. (NYSE:IAUX)

Kohmann Bosshard Financial Services LLC lifted its position in i-80 Gold Corp. (NYSE:IAUX) by 490.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 54,000 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in i-80 Gold were worth $32,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also 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. General American Investors Co. Inc. bought a new position in i-80 Gold during the third quarter worth $3,092,000. Van ECK Associates Corp boosted its position in i-80 Gold by 16.3% during the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after purchasing an additional 2,121,050 shares during the period. Geode Capital Management LLC boosted its position in i-80 Gold by 22.9% during the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock worth $4,377,000 after purchasing an additional 702,326 shares during the period. Finally, State Street Corp boosted its position in i-80 Gold by 16.3% during the third 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 period. 61.31% of the stock is owned by institutional investors.

i-80 Gold Stock Performance

IAUX opened at $0.77 on Tuesday. i-80 Gold Corp. has a fifty-two week low of $0.34 and a fifty-two week high of $1.64. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $338.46 million, a P/E ratio of -2.14 and a beta of 1.29. The stock’s fifty day moving average price is $0.61.

Analyst Ratings Changes

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