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

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.

Other analysts also recently issued research reports about the company. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark upgraded i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, i-80 Gold currently has an average rating of “Moderate Buy” and an average target price of $3.50.

i-80 Gold Stock Down 1.3 %

Shares of i-80 Gold stock opened at $0.55 on Wednesday. The business’s fifty day moving average is $0.57. The firm has a market capitalization of $165.90 million, a PE ratio of -1.53 and a beta of 1.25. 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 has a 12 month low of $0.34 and a 12 month high of $1.78.

Hedge Funds Weigh In On i-80 Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rathbones Group PLC bought a new stake in i-80 Gold during the 2nd quarter worth approximately $47,000. Murphy Pohlad Asset Management LLC grew 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 worth $59,000 after purchasing an additional 36,000 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of i-80 Gold in the third quarter worth $71,000. Creative Planning bought a new position in i-80 Gold during the 3rd quarter worth $119,000. Finally, SG Americas Securities LLC raised its position in i-80 Gold by 142.7% during the 3rd quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock worth $121,000 after purchasing an additional 61,337 shares during 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.