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

Sprott Inc. lessened its stake in i-80 Gold Corp. (NYSE:IAUX) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 17,125,261 shares of the company’s stock after selling 330,737 shares during the quarter. Sprott Inc.’s holdings in i-80 Gold were worth $8,221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. McAdam LLC grew its stake in shares of i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company’s stock valued at $31,000 after purchasing an additional 51,493 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in i-80 Gold during the 4th quarter worth $48,000. Murphy Pohlad Asset Management LLC boosted its position in i-80 Gold by 240.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after buying an additional 36,000 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of i-80 Gold by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock valued at $63,000 after buying an additional 24,740 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of i-80 Gold during the third quarter worth $71,000. 61.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on IAUX shares. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cormark raised shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Finally, Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Three investment 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, i-80 Gold has an average rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Trading Down 6.5 %

Shares of 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. i-80 Gold Corp. has a 1 year low of $0.34 and a 1 year high of $1.64. The stock’s 50-day moving average is $0.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

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.