i-80 Gold Corp. (NYSE:IAUX) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several equities research analysts have commented on the stock. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. 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 Stock Performance

i-80 Gold stock opened at $0.56 on Friday. i-80 Gold has a fifty-two week low of $0.34 and a fifty-two week high of $1.78. The stock has a market cap of $224.70 million, a P/E ratio of -1.54 and a beta of 1.25. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $0.57.

i-80 Gold (NYSE:IAUX) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $11.51 million during the quarter. i-80 Gold had a negative return on equity of 21.18% and a negative net margin of 231.43%. As a group, analysts predict that i-80 Gold will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in i-80 Gold by 66.1% during the 3rd 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 in the last quarter. General American Investors Co. Inc. acquired a new position in i-80 Gold in the 3rd quarter valued at $3,092,000. Van ECK Associates Corp lifted its holdings in 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 valued at $17,086,000 after purchasing an additional 2,121,050 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in i-80 Gold during the 2nd quarter worth $1,401,000. Finally, Geode Capital Management LLC grew its holdings in shares of i-80 Gold by 22.9% during the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock worth $4,377,000 after buying an additional 702,326 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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.