i-80 Gold Corp. (NYSE:IAUX) Receives $3.50 Average Price Target from Brokerages

i-80 Gold Corp. (NYSE:IAUXGet Free Report) has been given a consensus rating of “Moderate Buy” by the four research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $3.50.

A number of analysts have weighed in on IAUX shares. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. 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. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th.

Read Our Latest Research Report on i-80 Gold

i-80 Gold Trading Up 2.2 %

Shares of i-80 Gold stock opened at $0.54 on Friday. The firm’s fifty day moving average price is $0.57. The stock has a market capitalization of $219.84 million, a price-to-earnings ratio of -1.51 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.78.

i-80 Gold (NYSE:IAUXGet Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $11.51 million during the quarter. i-80 Gold had a negative return on equity of 21.18% and a negative net margin of 231.43%. Analysts predict that i-80 Gold will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IAUX. Murphy Pohlad Asset Management LLC lifted its position in i-80 Gold by 240.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after purchasing an additional 36,000 shares during the period. Intech Investment Management LLC acquired a new stake in shares of i-80 Gold during the 3rd quarter worth approximately $71,000. McAdam LLC increased its holdings in shares of i-80 Gold by 388.5% during the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock valued at $31,000 after purchasing an additional 51,493 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of i-80 Gold in the 4th quarter valued at $48,000. Finally, Creative Planning purchased a new stake in i-80 Gold during the third quarter worth $119,000. 61.31% of the stock is owned by institutional investors.

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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