i-80 Gold Corp. (NYSE:IAUX) Given Average Rating of “Moderate Buy” by Brokerages

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

A number of research firms recently weighed in on IAUX. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Finally, Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th.

i-80 Gold Price Performance

i-80 Gold stock opened at $0.83 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.64. The stock has a market capitalization of $363.34 million, a P/E ratio of -2.30 and a beta of 1.29. The company has a 50 day simple moving average of $0.59.

Institutional Investors Weigh In On i-80 Gold

A number of institutional investors have recently added to or reduced their stakes in IAUX. Murphy Pohlad Asset Management LLC boosted its position 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 buying an additional 36,000 shares during the period. Intech Investment Management LLC acquired a new stake in shares of i-80 Gold during the 3rd quarter worth approximately $71,000. Maia Wealth LLC acquired a new stake in shares of i-80 Gold during the 4th quarter worth approximately $34,000. McAdam LLC raised its position in shares of i-80 Gold by 388.5% during the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after purchasing an additional 51,493 shares during the period. Finally, Kohmann Bosshard Financial Services LLC raised its position in shares of 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 during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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.