Oxbow Advisors LLC Makes New Investment in i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Oxbow Advisors LLC bought a new stake in i-80 Gold Corp. (NYSEAMERICAN:IAUX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 94,935 shares of the company’s stock, valued at approximately $127,000.

Other hedge funds have also made changes to their positions in the company. Wealthsource Partners LLC acquired a new stake in i-80 Gold during the 4th quarter valued at $40,000. Norden Group LLC acquired a new position in i-80 Gold during the 1st quarter worth $43,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of i-80 Gold in the 4th quarter valued at about $47,000. Catalina Capital Group LLC boosted its holdings in shares of i-80 Gold by 265.7% in the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after buying an additional 32,075 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of i-80 Gold by 351.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 36,373 shares of the company’s stock valued at $64,000 after buying an additional 28,314 shares during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

Analysts Set New Price Targets

Separately, CIBC decreased their price target on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating for the company in a report on Wednesday.

i-80 Gold Stock Up 1.8 %

NYSEAMERICAN:IAUX traded up $0.02 during mid-day trading on Friday, hitting $1.15. The stock had a trading volume of 785,471 shares, compared to its average volume of 3,428,175. i-80 Gold Corp. has a 52 week low of $0.96 and a 52 week high of $2.33. The company has a current ratio of 0.30, a quick ratio of 0.17 and a debt-to-equity ratio of 0.21.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $8.41 million during the quarter. i-80 Gold had a negative net margin of 115.35% and a negative return on equity of 20.42%. On average, research analysts predict that i-80 Gold Corp. will post 0.05 earnings per share for the current fiscal year.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.