Insider Selling: i-80 Gold (NYSE:IAUX) Director Sells $33,461.94 in Stock

i-80 Gold Corp. (NYSE:IAUX) Director John Begeman sold 19,231 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the completion of the transaction, the director directly owned 827,354 shares of the company’s stock, valued at approximately $1,439,595.96. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

i-80 Gold Price Performance

Shares of IAUX stock opened at $1.79 on Friday. The stock’s fifty day simple moving average is $1.54 and its 200 day simple moving average is $1.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -4.97 and a beta of 1.22. i-80 Gold Corp. has a one year low of $0.79 and a one year high of $2.24.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $2.60 target price on shares of i-80 Gold in a research note on Tuesday, June 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Banco BTG Pactual S.A. bought a new stake in i-80 Gold during the 2nd quarter worth approximately $25,000. State of Wisconsin Investment Board bought a new position in i-80 Gold in the 4th quarter valued at $27,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in i-80 Gold by 49.5% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,420 shares of the company’s stock worth $32,000 after purchasing an additional 7,420 shares in the last quarter. Deutsche Bank AG acquired a new position in i-80 Gold in the fourth quarter worth $32,000. Finally, Pasadena Private Wealth LLC acquired a new position in i-80 Gold in the second quarter worth $36,000. 61.31% of the stock is owned by institutional investors and hedge funds.

About i-80 Gold

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.