National Bank Financial Lowers i-80 Gold (NYSEAMERICAN:IAUX) to Hold

National Bank Financial cut shares of i-80 Gold (NYSEAMERICAN:IAUX - Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

Separately, CIBC cut their price target on shares of i-80 Gold from $4.25 to $3.50 and set an outperformer rating for the company in a research note on Wednesday, July 10th.

i-80 Gold Trading Up 0.9 %

NYSEAMERICAN IAUX traded up $0.01 during trading hours on Wednesday, hitting $1.07. The company's stock had a trading volume of 2,837,452 shares, compared to its average volume of 3,856,557. i-80 Gold has a twelve month low of $0.76 and a twelve month high of $1.88. The firm has a market capitalization of $321.64 million, a P/E ratio of -3.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.54 and a quick ratio of 0.44.

i-80 Gold (NYSEAMERICAN:IAUX - Get Free Report) last issued its earnings results on Monday, August 12th. The company reported ($0.07) EPS for the quarter. i-80 Gold had a negative net margin of 162.24% and a negative return on equity of 21.06%. The firm had revenue of $7.18 million during the quarter. On average, analysts predict that i-80 Gold will post -0.03 EPS for the current year.

Institutional Investors Weigh In On i-80 Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new stake in i-80 Gold during the 1st quarter worth approximately $10,746,000. Van ECK Associates Corp boosted its position in i-80 Gold by 23.3% during the 2nd quarter. Van ECK Associates Corp now owns 12,999,682 shares of the company's stock worth $14,040,000 after buying an additional 2,459,920 shares during the period. NewGen Asset Management Ltd acquired a new stake in i-80 Gold during the 2nd quarter worth approximately $1,803,000. Renaissance Technologies LLC acquired a new stake in i-80 Gold during the 2nd quarter worth approximately $1,401,000. Finally, TD Asset Management Inc boosted its position in i-80 Gold by 119.8% during the 2nd quarter. TD Asset Management Inc now owns 428,724 shares of the company's stock worth $451,000 after buying an additional 233,677 shares during the period. 61.31% of the stock is owned by institutional investors.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.