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

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $3.50.

A number of brokerages recently issued reports on IAUX. National Bank Financial upgraded i-80 Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Stifel Canada lowered i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th. National Bankshares reiterated an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Finally, Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th.

Institutional Investors Weigh In On i-80 Gold

Several large investors have recently modified their holdings of IAUX. McAdam LLC grew its holdings in i-80 Gold by 388.5% in the fourth 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 last quarter. Kohmann Bosshard Financial Services LLC lifted 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 valued at $32,000 after buying an additional 54,000 shares in the last quarter. Maia Wealth LLC acquired a new stake in i-80 Gold in the 4th quarter worth about $34,000. ProShare Advisors LLC boosted its position in i-80 Gold by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 89,168 shares of the company's stock worth $43,000 after acquiring an additional 29,339 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in i-80 Gold during the fourth quarter worth approximately $46,000. Institutional investors own 61.31% of the company's stock.

i-80 Gold Price Performance

Shares of NYSE:IAUX traded up $0.04 during mid-day trading on Friday, reaching $0.63. 772,148 shares of the company traded hands, compared to its average volume of 4,005,998. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. i-80 Gold has a 52 week low of $0.34 and a 52 week high of $1.44. The stock's 50 day simple moving average is $0.66. The company has a market capitalization of $277.10 million, a price-to-earnings ratio of -1.74 and a beta of 1.26.

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.