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

Shares of i-80 Gold Corp. (NYSE:IAUX) 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.

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

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.