i-80 Gold (NYSE:IAUX) Stock Rating Lowered by Ventum Cap Mkts

i-80 Gold (NYSE:IAUX) was downgraded by analysts at Ventum Cap Mkts from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on IAUX. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

i-80 Gold Trading Down 6.4 %

Shares of NYSE:IAUX traded down $0.03 on Wednesday, reaching $0.37. 10,218,456 shares of the company traded hands, compared to its average volume of 4,423,653. i-80 Gold has a fifty-two week low of $0.34 and a fifty-two week high of $1.88.

i-80 Gold (NYSE:IAUX) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $7.18 million during the quarter.

Institutional Investors Weigh In On i-80 Gold

Hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in 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 worth $17,086,000 after purchasing an additional 2,121,050 shares during the period. Tidal Investments LLC acquired a new stake in shares of i-80 Gold in the first quarter valued at $10,746,000. General American Investors Co. Inc. acquired a new stake in shares of i-80 Gold in the third quarter valued at $3,092,000. NewGen Asset Management Ltd acquired a new stake in shares of i-80 Gold in the second quarter valued at $1,803,000. Finally, Renaissance Technologies LLC bought a new position in i-80 Gold in the second quarter valued at about $1,401,000.

i-80 Gold Corp. is a mining company in the Precious Metals industry.