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

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have been given an average rating of "Moderate Buy" by the three ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.50.

Several research firms have commented on IAUX. Cibc World Mkts cut shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 2nd. National Bank Financial raised shares of i-80 Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. Finally, Stifel Canada lowered shares of i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of i-80 Gold by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company's stock valued at $22,996,000 after purchasing an additional 7,889,867 shares in the last quarter. Trek Financial LLC grew its position in i-80 Gold by 246.6% in the fourth quarter. Trek Financial LLC now owns 6,541,417 shares of the company's stock worth $3,173,000 after acquiring an additional 4,653,867 shares in the last quarter. Renaissance Technologies LLC grew its position in i-80 Gold by 429.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company's stock worth $2,867,000 after acquiring an additional 4,793,333 shares in the last quarter. State Street Corp grew its position in i-80 Gold by 16.3% in the third quarter. State Street Corp now owns 4,260,438 shares of the company's stock worth $4,942,000 after acquiring an additional 596,190 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in i-80 Gold by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,886,847 shares of the company's stock worth $1,885,000 after acquiring an additional 113,650 shares in the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

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i-80 Gold Stock Down 5.9 %

IAUX stock traded down $0.04 during mid-day trading on Monday, reaching $0.70. 2,476,256 shares of the company traded hands, compared to its average volume of 5,581,062. The firm has a market cap of $311.33 million, a PE ratio of -1.95 and a beta of 1.13. 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 fifty-two week low of $0.34 and a fifty-two week high of $1.51. The company has a 50 day simple moving average of $0.65.

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.