Raymond James Financial Inc. Buys Shares of 139,600 i-80 Gold Corp. (NYSE:IAUX)

Raymond James Financial Inc. bought a new position in shares of i-80 Gold Corp. (NYSE:IAUX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 139,600 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC lifted its holdings in i-80 Gold by 490.9% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company’s stock worth $32,000 after purchasing an additional 54,000 shares in the last quarter. Maia Wealth LLC purchased a new stake in shares of i-80 Gold in the fourth quarter worth about $34,000. Bank of New York Mellon Corp lifted its holdings in shares of i-80 Gold by 13.2% in the fourth quarter. Bank of New York Mellon Corp now owns 710,802 shares of the company’s stock worth $345,000 after buying an additional 83,040 shares in the last quarter. Rhumbline Advisers boosted its position in shares of 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 during the period. Finally, Stratos Wealth Advisors LLC purchased a new position in i-80 Gold during the fourth quarter valued at approximately $48,000. 61.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IAUX shares. National Bankshares reiterated an “outperform” rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. Finally, National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Price Performance

Shares of NYSE:IAUX opened at $0.62 on Monday. i-80 Gold Corp. has a one year low of $0.34 and a one year high of $1.44. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market cap of $273.64 million, a price-to-earnings ratio of -1.71 and a beta of 1.26. The business has a fifty day moving average of $0.66.

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.