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

Shares of i-80 Gold Corp. (NYSE:IAUXGet Free Report) have been given an average rating of “Moderate Buy” by the three analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has given 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 equities research analysts have recently weighed in on IAUX shares. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th.

Get Our Latest Stock Analysis on i-80 Gold

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IAUX. Tidal Investments LLC grew its stake in shares of i-80 Gold by 66.1% in the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock valued at $22,996,000 after purchasing an additional 7,889,867 shares during the last quarter. Trek Financial LLC grew its stake in shares of i-80 Gold by 246.6% in the 4th quarter. Trek Financial LLC now owns 6,541,417 shares of the company’s stock valued at $3,173,000 after purchasing an additional 4,653,867 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of i-80 Gold by 429.0% in the 4th 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. State Street Corp grew its stake in shares of i-80 Gold by 16.3% in the 3rd quarter. State Street Corp now owns 4,260,438 shares of the company’s stock valued at $4,942,000 after purchasing an additional 596,190 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of i-80 Gold by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 3,886,847 shares of the company’s stock valued at $1,885,000 after purchasing an additional 113,650 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Performance

Shares of NYSE IAUX opened at $0.69 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold has a fifty-two week low of $0.34 and a fifty-two week high of $1.51. The firm has a market cap of $305.36 million, a price-to-earnings ratio of -1.92 and a beta of 1.13. The stock’s 50-day simple moving average is $0.64.

i-80 Gold Company Profile

(Get Free Report

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.

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