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

Shares of i-80 Gold Corp. (NYSE:IAUX) have received an average rating of “Moderate Buy” from the four brokerages that are presently covering the firm, Marketbeat Ratings 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 target price among analysts that have issued ratings on the stock in the last year is $3.50.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC increased its stake in i-80 Gold by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after buying an additional 7,889,867 shares during the period. Van ECK Associates Corp raised its position in shares of i-80 Gold by 16.3% during the 3rd 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 in the last quarter. State Street Corp lifted its stake in i-80 Gold by 16.3% during the third 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. Geode Capital Management LLC increased its stake in i-80 Gold by 22.9% in the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after purchasing an additional 702,326 shares during the last quarter. Finally, General American Investors Co. Inc. purchased a new position in i-80 Gold in the third quarter valued at approximately $3,092,000. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Stock Up 0.9 %

Shares of NYSE:IAUX opened at $0.56 on Friday. i-80 Gold has a 52-week low of $0.34 and a 52-week high of $1.78. The stock has a market cap of $224.70 million, a PE ratio of -1.54 and a beta of 1.25. The company has a fifty day moving average of $0.57. 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 announced 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 net margin of 231.43% and a negative return on equity of 21.18%. The firm had revenue of $11.51 million during the quarter. On average, equities analysts anticipate that i-80 Gold will post -0.2 earnings per share for the current 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.