i-80 Gold (NYSE:IAUX) Raised to "Strong-Buy" at National Bank Financial

i-80 Gold (NYSE:IAUX - Get Free Report) was upgraded by investment analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on IAUX. Cibc World Mkts lowered i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 2nd. Cormark raised i-80 Gold to a "hold" rating in a research report on Thursday, November 14th. Ventum Cap Mkts downgraded shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. Finally, Stifel Canada downgraded i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 30th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.50.

i-80 Gold Stock Performance

Shares of i-80 Gold stock traded up $0.01 during trading hours on Wednesday, reaching $0.57. The company's stock had a trading volume of 1,909,174 shares, compared to its average volume of 3,195,126. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $0.57. i-80 Gold has a one year low of $0.34 and a one year high of $1.78. The stock has a market capitalization of $170.29 million, a PE ratio of -1.57 and a beta of 1.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IAUX. JPMorgan Chase & Co. increased its stake in i-80 Gold by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company's stock valued at $170,000 after purchasing an additional 31,315 shares in the last quarter. Tidal Investments LLC boosted its position in i-80 Gold by 66.1% during the third 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 during the last quarter. Barclays PLC raised its position in i-80 Gold by 117.0% during the third quarter. Barclays PLC now owns 604,069 shares of the company's stock worth $701,000 after acquiring an additional 325,664 shares in the last quarter. Geode Capital Management LLC lifted its stake in i-80 Gold by 22.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company's stock valued at $4,377,000 after purchasing an additional 702,326 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of i-80 Gold during the 3rd quarter worth approximately $198,000. Institutional investors and hedge funds own 61.31% of the company's stock.

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.