6,000,000 Shares in i-80 Gold Corp. $IAUX Purchased by JGP Global Gestao de Recursos Ltda.

JGP Global Gestao de Recursos Ltda. purchased a new position in shares of i-80 Gold Corp. (NYSE:IAUX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,000,000 shares of the company’s stock, valued at approximately $9,960,000. i-80 Gold accounts for 23.3% of JGP Global Gestao de Recursos Ltda.’s holdings, making the stock its 2nd biggest position.

Several other institutional investors have also made changes to their positions in IAUX. Pale Fire Capital SE grew its position in i-80 Gold by 0.8% during the first quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company’s stock valued at $31,681,000 after purchasing an additional 174,741 shares in the last quarter. Tidal Investments LLC increased its stake in i-80 Gold by 123.1% in the 2nd quarter. Tidal Investments LLC now owns 18,662,686 shares of the company’s stock valued at $26,874,000 after buying an additional 10,298,143 shares during the period. Groupe la Francaise lifted its position in i-80 Gold by 66.7% in the 1st quarter. Groupe la Francaise now owns 5,500,000 shares of the company’s stock worth $8,315,000 after buying an additional 2,200,000 shares in the last quarter. BlackRock Inc. purchased a new stake in i-80 Gold in the 2nd quarter worth approximately $6,868,000. Finally, Legal & General Group Plc purchased a new stake in i-80 Gold in the 2nd quarter worth approximately $4,810,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

i-80 Gold Trading Down 0.7%

Shares of NYSE:IAUX opened at $1.52 on Friday. The firm has a fifty day moving average of $1.70 and a two-hundred day moving average of $1.57. The firm has a market capitalization of $1.32 billion, a P/E ratio of -4.22 and a beta of 1.23. i-80 Gold Corp. has a 12-month low of $0.89 and a 12-month high of $2.24. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Insider Buying and Selling at i-80 Gold

In related news, Director John Begeman sold 19,231 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total transaction of $33,461.94. Following the completion of the sale, the director directly owned 827,354 shares in the company, valued at approximately $1,439,595.96. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% of the company’s stock.

About i-80 Gold

i-80 Gold Corp. is a Canadian mining company focused on the exploration, development and production of gold and other precious metals in Nevada. The company’s portfolio includes advanced-stage projects and exploration properties located within established gold-producing trends in the state.

Its principal assets include the Ruby Hill, Granite Creek, McCoy-Cove and Lone Tree projects. These properties contain underground and open-pit mineralization, while the company is also evaluating processing and infrastructure options intended to support future production.