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

Shares of i-80 Gold Corp. (NYSE:IAUX) have been assigned an average recommendation of “Hold” from the four ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $3.50.

A number of equities analysts have issued reports on IAUX shares. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th.

Hedge Funds Weigh In On i-80 Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rathbones Group PLC purchased a new stake in i-80 Gold during the second quarter valued at about $47,000. Murphy Pohlad Asset Management LLC raised its holdings in shares of i-80 Gold by 240.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after acquiring an additional 36,000 shares during the period. Intech Investment Management LLC purchased a new stake in shares of i-80 Gold in the 3rd quarter valued at approximately $71,000. Creative Planning acquired a new position in i-80 Gold in the 3rd quarter worth approximately $119,000. Finally, SG Americas Securities LLC grew its position in i-80 Gold by 142.7% during the 3rd quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock worth $121,000 after purchasing an additional 61,337 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Trading Up 0.5 %

i-80 Gold stock opened at $0.56 on Wednesday. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.78. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $168.00 million, a PE ratio of -1.55 and a beta of 1.25.

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.