i-80 Gold Corp. (NYSE:IAUX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of i-80 Gold Corp. (NYSE:IAUX) have been assigned an average recommendation of “Moderate Buy” from the four analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $3.50.

A number of equities research analysts have issued reports on the stock. National Bankshares reaffirmed an “outperform” rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Finally, Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th.

Hedge Funds Weigh In On i-80 Gold

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of i-80 Gold by 6.5% during the 4th quarter. Bank of Montreal Can now owns 310,940 shares of the company’s stock worth $149,000 after acquiring an additional 19,018 shares during the period. Barclays PLC lifted its holdings in i-80 Gold by 3.3% during the fourth quarter. Barclays PLC now owns 623,979 shares of the company’s stock valued at $302,000 after purchasing an additional 19,910 shares during the last quarter. Rhumbline Advisers boosted its position in i-80 Gold by 5.7% during the first quarter. Rhumbline Advisers now owns 393,756 shares of the company’s stock worth $229,000 after purchasing an additional 21,182 shares during the period. SG Americas Securities LLC increased its stake in shares of i-80 Gold by 23.7% in the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock worth $63,000 after purchasing an additional 24,740 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of i-80 Gold by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock valued at $43,000 after purchasing an additional 29,339 shares during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Price Performance

NYSE IAUX opened at $0.61 on Friday. The business has a fifty day moving average price of $0.66. The company has a market cap of $271.34 million, a price-to-earnings ratio of -1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold has a 1 year low of $0.34 and a 1 year high of $1.44.

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.