In This Article:
Key Insights
-
Given the large stake in the stock by institutions, i-80 Gold's stock price might be vulnerable to their trading decisions
-
50% of the business is held by the top 12 shareholders
Every investor in i-80 Gold Corp. (TSE:IAU) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 43% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
After a year of 61% losses, last week’s 11% gain would be welcomed by institutional investors as a possible sign that returns might start trending higher.
In the chart below, we zoom in on the different ownership groups of i-80 Gold.
View our latest analysis for i-80 Gold
What Does The Institutional Ownership Tell Us About i-80 Gold?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
i-80 Gold already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at i-80 Gold's earnings history below. Of course, the future is what really matters.
We note that hedge funds don't have a meaningful investment in i-80 Gold. Looking at our data, we can see that the largest shareholder is Orion Resource Partners (USA), L.P. with 15% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 5.5% and 4.9%, of the shares outstanding, respectively. In addition, we found that Richard Young, the CEO has 0.6% of the shares allocated to their name.
Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 12 shareholders, meaning that no single shareholder has a majority interest in the ownership.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of i-80 Gold
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.