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

Shares of i-80 Gold Corp. (NYSE:IAUX) have been given an average recommendation of “Moderate Buy” by the four research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $3.50.

Several analysts have recently weighed in on the stock. Cormark raised shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Cibc World Mkts downgraded shares of 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 note on Wednesday, November 13th. Finally, National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th.

Institutional Investors Weigh In On i-80 Gold

Large investors have recently modified their holdings of the stock. Tidal Investments LLC grew its position in i-80 Gold by 66.1% in the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock valued at $22,996,000 after acquiring an additional 7,889,867 shares in the last quarter. Van ECK Associates Corp increased its position in shares of i-80 Gold by 16.3% during the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after acquiring an additional 2,121,050 shares during the last quarter. Trek Financial LLC lifted its stake in shares of i-80 Gold by 246.6% in the fourth quarter. Trek Financial LLC now owns 6,541,417 shares of the company’s stock worth $3,173,000 after acquiring an additional 4,653,867 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in i-80 Gold by 429.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company’s stock valued at $2,867,000 after purchasing an additional 4,793,333 shares during the last quarter. Finally, State Street Corp increased its holdings in i-80 Gold by 16.3% during the 3rd quarter. State Street Corp now owns 4,260,438 shares of the company’s stock worth $4,942,000 after purchasing an additional 596,190 shares during the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Trading Up 0.2 %

IAUX stock opened at $0.76 on Thursday. The firm has a market capitalization of $333.67 million, a PE ratio of -2.12 and a beta of 1.29. 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 twelve month low of $0.34 and a twelve month high of $1.64. The business’s 50 day moving average is $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.