i-80 Gold Corp. (NYSE:IAUX) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have been given an average rating of "Moderate Buy" by the six analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1.50.

Several research firms recently commented on IAUX. Scotiabank cut their price objective on shares of i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating on the stock in a research report on Monday, June 2nd. National Bankshares reissued an "outperform" rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a report on Monday, June 2nd.

i-80 Gold Price Performance

Shares of i-80 Gold stock opened at $0.60 on Friday. 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 stock has a market capitalization of $474.61 million, a price-to-earnings ratio of -1.67 and a beta of 1.18. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.26. The firm's 50-day moving average price is $0.60 and its two-hundred day moving average price is $0.62.

Hedge Funds Weigh In On i-80 Gold

Institutional investors have recently added to or reduced their stakes in the stock. Sprott Inc. boosted its position in shares of i-80 Gold by 15.0% in the first quarter. Sprott Inc. now owns 19,700,922 shares of the company's stock valued at $11,633,000 after acquiring an additional 2,575,661 shares during the period. Pale Fire Capital SE lifted its position in i-80 Gold by 66.8% during the first quarter. Pale Fire Capital SE now owns 16,981,095 shares of the company's stock valued at $9,880,000 after purchasing an additional 6,801,325 shares during the last quarter. Trek Financial LLC raised its stake in shares of i-80 Gold by 3.9% during the first quarter. Trek Financial LLC now owns 6,798,033 shares of the company's stock worth $3,955,000 after acquiring an additional 256,616 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 4,793,333 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 113,650 shares in the last quarter. Institutional investors 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.

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