i-80 Gold (NYSE:IAUX) Upgraded at Cormark

Cormark upgraded shares of i-80 Gold (NYSE:IAUX) to a hold rating in a research note published on Thursday,Zacks.com reports.

Separately, National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th.

i-80 Gold Stock Down 10.6 %

Shares of NYSE:IAUX opened at $0.35 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold has a one year low of $0.34 and a one year high of $1.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in shares of i-80 Gold by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after purchasing an additional 2,121,050 shares during the period. Tidal Investments LLC bought a new position in i-80 Gold in the first quarter worth approximately $10,746,000. State Street Corp lifted its holdings in i-80 Gold by 16.3% during the third quarter. State Street Corp now owns 4,260,438 shares of the company’s stock worth $4,942,000 after buying an additional 596,190 shares during the period. Geode Capital Management LLC boosted its position in i-80 Gold by 22.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after acquiring an additional 702,326 shares in the last quarter. Finally, General American Investors Co. Inc. purchased a new position in shares of i-80 Gold in the 3rd quarter valued at $3,092,000. 61.31% of the stock is currently owned by institutional investors.

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.