i-80 Gold (NYSEAMERICAN:IAUX) Downgraded to “Hold” at National Bank Financial

National Bank Financial lowered shares of i-80 Gold (NYSEAMERICAN:IAUX) from a strong-buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

Separately, CIBC dropped their price objective on shares of i-80 Gold from $4.25 to $3.50 and set an outperformer rating for the company in a research note on Wednesday, July 10th.

i-80 Gold Stock Performance

IAUX opened at $1.07 on Wednesday. The company has a market capitalization of $321.64 million, a P/E ratio of -3.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.54 and a quick ratio of 0.44. i-80 Gold has a twelve month low of $0.76 and a twelve month high of $1.88.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its earnings results on Monday, August 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $7.18 million for the quarter. i-80 Gold had a negative return on equity of 21.06% and a negative net margin of 162.24%. On average, research analysts expect that i-80 Gold will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On i-80 Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of i-80 Gold in the first quarter worth approximately $43,000. SG Americas Securities LLC boosted its position in shares of i-80 Gold by 271.7% during the 2nd quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after acquiring an additional 31,425 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of i-80 Gold by 265.7% in the 1st quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after buying an additional 32,075 shares during the period. Rathbones Group PLC acquired a new position in shares of i-80 Gold in the 2nd quarter valued at $47,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of i-80 Gold by 28.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after buying an additional 12,737 shares in the last quarter. 61.31% of the stock is owned by hedge funds and other institutional investors.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.