i-80 Gold Corp. (NYSE:IAUX) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several analysts recently issued reports on IAUX shares. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. National Bank Financial upgraded shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. 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. Finally, Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd.

Hedge Funds Weigh In On i-80 Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. General American Investors Co. Inc. acquired a new position in i-80 Gold during the 3rd quarter valued at approximately $3,092,000. Van ECK Associates Corp grew its position in shares of i-80 Gold by 16.3% in the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after purchasing an additional 2,121,050 shares during the period. SG Americas Securities LLC increased its position in shares of i-80 Gold by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock worth $63,000 after purchasing an additional 24,740 shares in the last quarter. Barclays PLC lifted its stake in i-80 Gold by 117.0% in the 3rd quarter. Barclays PLC now owns 604,069 shares of the company’s stock worth $701,000 after purchasing an additional 325,664 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of i-80 Gold by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock worth $170,000 after acquiring an additional 31,315 shares during the period. 61.31% of the stock is currently owned by institutional investors.

i-80 Gold Trading Up 0.2 %

IAUX stock opened at $0.76 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.64. The company has a market capitalization of $333.67 million, a price-to-earnings ratio of -2.12 and a beta of 1.29. The company has a 50 day moving average price of $0.57.

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.