i-80 Gold Corp. (NYSE:IAUX) Receives $3.50 Average Target Price from Analysts

i-80 Gold Corp. (NYSE:IAUX) has received an average rating of “Moderate Buy” from the three ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $3.50.

A number of research analysts have recently commented on the stock. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. 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. Finally, Cormark raised shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th.

Institutional Trading of i-80 Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in i-80 Gold by 23.7% during the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock worth $63,000 after purchasing an additional 24,740 shares in the last quarter. Barclays PLC grew its position in i-80 Gold by 117.0% in the third quarter. Barclays PLC now owns 604,069 shares of the company’s stock valued at $701,000 after acquiring an additional 325,664 shares in the last quarter. JPMorgan Chase & Co. grew its position in i-80 Gold by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock valued at $170,000 after acquiring an additional 31,315 shares in the last quarter. Rhumbline Advisers grew its position in i-80 Gold by 14.4% in the fourth quarter. Rhumbline Advisers now owns 372,574 shares of the company’s stock valued at $181,000 after acquiring an additional 46,951 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in i-80 Gold in the third quarter valued at approximately $71,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Trading Up 3.2 %

NYSE:IAUX opened at $0.73 on Monday. The stock has a market cap of $321.33 million, a price-to-earnings ratio of -2.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The company has a 50-day moving average price of $0.66. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.51.

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.