Brokerages Set i-80 Gold Corp. (NYSE:IAUX) Price Target at $3.50

Shares of i-80 Gold Corp. (NYSE:IAUX) have received an average rating of “Moderate Buy” from the three analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.50.

IAUX has been the subject of a number of recent analyst reports. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. Finally, National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th.

i-80 Gold Price Performance

i-80 Gold stock opened at $0.73 on Monday. The stock has a market capitalization of $321.33 million, a PE ratio of -2.02 and a beta of 1.13. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.51. The firm has a 50 day simple moving average of $0.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Institutional Trading of i-80 Gold

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

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.