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

Shares of i-80 Gold Corp. (NYSE:IAUX) have been assigned an average recommendation of “Moderate Buy” from the three brokerages that are covering the company, MarketBeat Ratings reports. Two investment 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 objective among brokerages that have updated their coverage on the stock in the last year is $3.50.

Several research firms have recently commented on IAUX. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th.

i-80 Gold Stock Up 3.2 %

Shares of NYSE:IAUX opened at $0.73 on Monday. 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 52-week low of $0.34 and a 52-week high of $1.51. The firm has a 50 day moving average price of $0.66. The firm has a market capitalization of $321.33 million, a P/E ratio of -2.02 and a beta of 1.13.

Hedge Funds Weigh In On i-80 Gold

Large investors have recently added to or reduced their stakes in the company. McAdam LLC lifted its stake in i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after purchasing an additional 51,493 shares during the last quarter. Kohmann Bosshard Financial Services LLC lifted its stake in i-80 Gold by 490.9% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company’s stock worth $32,000 after purchasing an additional 54,000 shares during the last quarter. Maia Wealth LLC bought a new position in i-80 Gold during the fourth quarter worth $34,000. ProShare Advisors LLC lifted its stake in i-80 Gold by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock worth $43,000 after purchasing an additional 29,339 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in i-80 Gold during the fourth quarter worth $46,000. 61.31% of the stock is currently owned by institutional investors.

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.