i-80 Gold Corp. (NYSE:IAUX) Receives $3.50 Average PT from Analysts

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

A number of research analysts have commented on the company. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. 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 shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Finally, National Bankshares restated an “outperform” rating on shares of i-80 Gold in a research note on Wednesday, April 2nd.

i-80 Gold Trading Up 12.8 %

NYSE IAUX opened at $0.62 on Friday. 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 1-year low of $0.34 and a 1-year high of $1.44. The stock has a fifty day moving average of $0.66. The firm has a market capitalization of $273.64 million, a P/E ratio of -1.71 and a beta of 1.26.

Institutional Investors Weigh In On i-80 Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in shares of i-80 Gold by 66.1% in the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after buying an additional 7,889,867 shares during the last quarter. Trek Financial LLC lifted its position in i-80 Gold by 246.6% during the 4th quarter. Trek Financial LLC now owns 6,541,417 shares of the company’s stock worth $3,173,000 after acquiring an additional 4,653,867 shares during the last quarter. Renaissance Technologies LLC lifted its position in i-80 Gold by 429.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company’s stock worth $2,867,000 after acquiring an additional 4,793,333 shares during the last quarter. State Street Corp grew its position in shares of i-80 Gold by 16.3% in the third 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 increased its stake in shares of i-80 Gold by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,886,847 shares of the company’s stock worth $1,885,000 after purchasing an additional 113,650 shares during the period. 61.31% of the stock is currently owned by institutional investors and hedge funds.

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.