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

Shares of i-80 Gold Corp. (NYSE:IAUX) have received a consensus rating of “Moderate Buy” from the three ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $3.50.

IAUX has been the subject of a number of recent research reports. Cormark raised shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Finally, National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th.

i-80 Gold Trading Down 0.3 %

Shares of NYSE IAUX opened at $0.75 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The business has a 50-day moving average of $0.65. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.51. The company has a market capitalization of $330.97 million, a P/E ratio of -2.08 and a beta of 1.13.

Institutional Trading of i-80 Gold

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in i-80 Gold by 6.5% during the 4th quarter. Bank of Montreal Can now owns 310,940 shares of the company’s stock valued at $149,000 after purchasing an additional 19,018 shares during the last quarter. Barclays PLC boosted its holdings in shares of i-80 Gold by 3.3% during the fourth quarter. Barclays PLC now owns 623,979 shares of the company’s stock worth $302,000 after acquiring an additional 19,910 shares during the period. SG Americas Securities LLC boosted its holdings in shares of i-80 Gold by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock worth $63,000 after acquiring an additional 24,740 shares during the period. ProShare Advisors LLC boosted its holdings in shares of 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 acquiring an additional 29,339 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of i-80 Gold by 19.7% during the fourth quarter. Mackenzie Financial Corp now owns 178,714 shares of the company’s stock worth $86,000 after acquiring an additional 29,386 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

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.