i-80 Gold Corp. (NYSE:IAUX) Receives Consensus Rating of “Hold” from Brokerages

Shares of i-80 Gold Corp. (NYSE:IAUX) have received a consensus recommendation of “Hold” from the four analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.50.

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

i-80 Gold Price Performance

NYSE:IAUX opened at $0.59 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 current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $176.39 million, a PE ratio of -1.63 and a beta of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. General American Investors Co. Inc. purchased a new position in i-80 Gold during the third quarter worth $3,092,000. Renaissance Technologies LLC acquired a new position in i-80 Gold in the 2nd quarter valued at about $1,401,000. 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. Wealth Enhancement Advisory Services LLC boosted its stake in shares of i-80 Gold by 111.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 180,621 shares of the company’s stock worth $210,000 after purchasing an additional 95,039 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of i-80 Gold during the third quarter worth about $119,000. 61.31% of the stock is owned by hedge funds and other institutional investors.

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.