i-80 Gold (NYSE:IAUX) Upgraded at Cormark

Cormark upgraded shares of i-80 Gold (NYSE:IAUX) to a hold rating in a report released on Thursday,Zacks.com reports.

Separately, National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th.

i-80 Gold Stock Performance

IAUX stock opened at $0.35 on Thursday. The stock has a market cap of $105.24 million, a price-to-earnings ratio of -0.97 and a beta of 1.45. i-80 Gold has a 52-week low of $0.34 and a 52-week high of $1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.44.

Hedge Funds Weigh In On i-80 Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of i-80 Gold by 16.3% during the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after purchasing an additional 2,121,050 shares in the last quarter. Tidal Investments LLC acquired a new position in i-80 Gold during the 1st quarter worth $10,746,000. State Street Corp boosted its position in 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 buying an additional 596,190 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of i-80 Gold by 22.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after buying an additional 702,326 shares during the period. Finally, General American Investors Co. Inc. bought a new stake in shares of i-80 Gold during the third quarter worth $3,092,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

About i-80 Gold

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.