i-80 Gold Corp. (NYSE:IAUX) Receives $3.50 Average PT from Analysts

i-80 Gold Corp. (NYSE:IAUX) has earned an average rating of “Moderate Buy” from the four brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $3.50.

IAUX has been the subject of several analyst reports. National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd.

Institutional Trading of i-80 Gold

Institutional investors have recently added to or reduced their stakes in the stock. Murphy Pohlad Asset Management LLC lifted its position in shares of i-80 Gold by 240.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after acquiring an additional 36,000 shares during the period. Intech Investment Management LLC acquired a new position in i-80 Gold during the third quarter worth $71,000. McAdam LLC boosted its position in i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after purchasing an additional 51,493 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in i-80 Gold in the fourth quarter valued at $48,000. Finally, Creative Planning purchased a new position in shares of i-80 Gold in the third quarter valued at $119,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Trading Down 0.2 %

Shares of IAUX opened at $0.57 on Friday. The business’s 50 day simple moving average is $0.56. The stock has a market capitalization of $232.48 million, a price-to-earnings ratio of -1.57 and a beta of 1.25. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.77. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19.

i-80 Gold (NYSE:IAUX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. i-80 Gold had a negative return on equity of 21.18% and a negative net margin of 231.43%. The business had revenue of $11.51 million for the quarter. As a group, equities research analysts forecast that i-80 Gold will post -0.2 EPS for the current fiscal year.

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.