National Bank Financial Upgrades i-80 Gold (NYSE:IAUX) to “Strong-Buy”

i-80 Gold (NYSE:IAUX) was upgraded by National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on IAUX. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark raised shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

i-80 Gold Stock Performance

NYSE IAUX opened at $0.55 on Wednesday. The business’s 50 day moving average price is $0.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold has a twelve month low of $0.34 and a twelve month high of $1.78. The stock has a market cap of $165.90 million, a PE ratio of -1.53 and a beta of 1.25.

Institutional Investors Weigh In On i-80 Gold

A number of institutional investors have recently added to or reduced their stakes in IAUX. JPMorgan Chase & Co. increased its holdings in i-80 Gold by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock valued at $170,000 after purchasing an additional 31,315 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its stake in shares of i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after buying an additional 36,000 shares in the last quarter. Rathbones Group PLC acquired a new stake in shares of i-80 Gold in the second quarter valued at $47,000. The Manufacturers Life Insurance Company raised its holdings in shares of i-80 Gold by 63.3% in the third quarter. The Manufacturers Life Insurance Company now owns 116,374 shares of the company’s stock valued at $135,000 after buying an additional 45,101 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in i-80 Gold by 23.8% during the 2nd quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock worth $339,000 after buying an additional 60,343 shares in the last quarter. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.