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

Shares of i-80 Gold Corp. (NYSE:IAUX) have been given a consensus rating of “Moderate Buy” by the four research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $3.50.

IAUX has been the topic of a number of recent analyst reports. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. National Bankshares reiterated an “outperform” rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Finally, National Bank Financial upgraded shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th.

i-80 Gold Stock Performance

Shares of IAUX opened at $0.62 on Friday. The firm has a market capitalization of $273.64 million, a price-to-earnings ratio of -1.71 and a beta of 1.26. The company’s fifty day simple moving average is $0.66. i-80 Gold has a one year low of $0.34 and a one year high of $1.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers grew its position in i-80 Gold by 5.7% during the 1st quarter. Rhumbline Advisers now owns 393,756 shares of the company’s stock worth $229,000 after purchasing an additional 21,182 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of i-80 Gold by 80.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 326,416 shares of the company’s stock valued at $158,000 after buying an additional 145,795 shares in the last quarter. Mackenzie Financial Corp raised its position in i-80 Gold by 19.7% during the fourth quarter. Mackenzie Financial Corp now owns 178,714 shares of the company’s stock valued at $86,000 after buying an additional 29,386 shares during the period. ProShare Advisors LLC lifted its stake in i-80 Gold by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock worth $43,000 after acquiring an additional 29,339 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in i-80 Gold during the 4th quarter worth about $235,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

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.