i-80 Gold Corp. (NYSE:IAUX) Receives Average Recommendation of "Moderate Buy" from Analysts

i-80 Gold Corp. (NYSE:IAUX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the four research firms that are presently covering the stock, MarketBeat reports. Three 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 target price among analysts that have covered the stock in the last year is $3.50.

IAUX has been the subject of a number of research reports. Ventum Cap Mkts lowered shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. Cormark raised i-80 Gold to a "hold" rating in a research note on Thursday, November 14th. National Bank Financial upgraded shares of i-80 Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Cibc World Mkts lowered shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, December 2nd. Finally, Stifel Canada cut shares of i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th.

Hedge Funds Weigh In On i-80 Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in shares of i-80 Gold by 6.5% in the 4th quarter. Bank of Montreal Can now owns 310,940 shares of the company's stock valued at $149,000 after purchasing an additional 19,018 shares during the period. Barclays PLC raised its position in i-80 Gold by 3.3% in the 4th quarter. Barclays PLC now owns 623,979 shares of the company's stock valued at $302,000 after buying an additional 19,910 shares during the last quarter. SG Americas Securities LLC lifted its stake in i-80 Gold by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company's stock valued at $63,000 after acquiring an additional 24,740 shares in the last quarter. ProShare Advisors LLC boosted its position in i-80 Gold by 49.0% during 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 during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of i-80 Gold by 19.7% during the 4th quarter. Mackenzie Financial Corp now owns 178,714 shares of the company's stock worth $86,000 after acquiring an additional 29,386 shares in the last quarter. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Stock Up 3.5 %

NYSE:IAUX traded up $0.03 during mid-day trading on Thursday, reaching $0.83. 4,535,804 shares of the company were exchanged, compared to its average volume of 3,498,050. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.64. The stock has a market capitalization of $364.62 million, a PE ratio of -2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The firm's fifty day moving average is $0.58.

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.