i-80 Gold (NYSEAMERICAN:IAUX) Announces Quarterly Earnings Results

i-80 Gold (NYSEAMERICAN:IAUX – Get Rating) announced its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05), reports. The firm had revenue of $11.65 million during the quarter.

i-80 Gold Stock Down 2.8 %

i-80 Gold stock opened at $2.07 on Thursday. i-80 Gold has a 52 week low of $1.52 and a 52 week high of $3.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.26 and a quick ratio of 1.75.

Analyst Ratings Changes

A number of research analysts recently commented on the company. National Bank of Canada began coverage on i-80 Gold in a research note on Thursday, November 17th. They issued an “outperform” rating and a $4.25 target price for the company. National Bank Financial raised their price target on i-80 Gold from C$4.25 to C$5.50 in a research report on Friday, January 13th.

Institutional Investors Weigh In On i-80 Gold

Institutional investors have recently made changes to their positions in the stock. Triasima Portfolio Management inc. purchased a new stake in shares of i-80 Gold in the fourth quarter worth approximately $2,003,000. Jane Street Group LLC boosted its holdings in shares of i-80 Gold by 128.5% in the fourth quarter. Jane Street Group LLC now owns 352,514 shares of the company’s stock worth $983,000 after acquiring an additional 198,253 shares during the period. Sprott Inc. raised its position in shares of i-80 Gold by 0.4% in the fourth quarter. Sprott Inc. now owns 21,699,982 shares of the company’s stock worth $60,671,000 after buying an additional 95,208 shares in the last quarter. Morgan Stanley raised its position in shares of i-80 Gold by 54.5% in the fourth quarter. Morgan Stanley now owns 419,004 shares of the company’s stock worth $1,182,000 after buying an additional 147,857 shares in the last quarter. Finally, Orion Resource Partners USA LP purchased a new stake in shares of i-80 Gold in the fourth quarter worth $57,246,000. Institutional investors own 26.17% of the company’s stock.

About i-80 Gold

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i-80 Gold Corp., a mining company, engages in the exploration, development, and production of gold and silver mineral deposits in the United States. It holds a 100% interest in the Lone Tree property covering an area of approximately 12,000 acres located in Battle Mountain-Eureka, Northern Nevada; Ruby Hill property located in Battle Mountain Trend, Northern Nevada; McCoy-Cove project covering 31,000 acres located in Battle Mountain Trend, Nevada; and Buffalo Mountain property located in Battle Mountain Trend, Northern Nevada as well as controls Granite Creek Project located in Getchell Trend, Northern Nevada.