i-80 Gold (NYSE:IAUX) Stock Rating Upgraded by National Bank Financial

i-80 Gold (NYSE:IAUX) was upgraded by equities researchers at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on IAUX. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. 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. Finally, Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Stock Down 1.3 %

IAUX stock opened at $0.55 on Wednesday. The company’s 50 day moving average is $0.57. The company has a market cap of $165.90 million, a price-to-earnings ratio of -1.53 and a beta of 1.25. i-80 Gold has a twelve month low of $0.34 and a twelve 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rathbones Group PLC bought a new stake in i-80 Gold in the 2nd quarter worth approximately $47,000. Murphy Pohlad Asset Management LLC grew its holdings in shares of i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after acquiring an additional 36,000 shares during the period. Intech Investment Management LLC purchased a new stake in i-80 Gold during the third quarter valued at $71,000. Creative Planning purchased a new stake in i-80 Gold during the third quarter valued at $119,000. Finally, SG Americas Securities LLC lifted its holdings in i-80 Gold by 142.7% in the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock valued at $121,000 after acquiring an additional 61,337 shares during the period. 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.