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

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $1.50.

IAUX has been the subject of a number of recent research reports. Royal Bank Of Canada dropped their price objective on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a research note on Monday, June 2nd. Scotiabank dropped their target price on i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating for the company in a report on Monday, June 2nd. Finally, National Bankshares reiterated an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd.

Institutional Investors Weigh In On i-80 Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Euro Pacific Asset Management LLC raised its position in shares of i-80 Gold by 1.2% in the second quarter. Euro Pacific Asset Management LLC now owns 7,157,725 shares of the company's stock valued at $4,378,000 after purchasing an additional 82,062 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of i-80 Gold by 257.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 67,018 shares of the company's stock valued at $40,000 after acquiring an additional 48,279 shares during the period. McAdam LLC increased its position in shares of i-80 Gold by 81.8% in the second quarter. McAdam LLC now owns 53,422 shares of the company's stock worth $32,000 after purchasing an additional 24,040 shares during the period. Clear Harbor Asset Management LLC increased its position in shares of i-80 Gold by 48.5% in the second quarter. Clear Harbor Asset Management LLC now owns 53,655 shares of the company's stock worth $32,000 after purchasing an additional 17,533 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of i-80 Gold by 36.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 805,550 shares of the company's stock worth $509,000 after purchasing an additional 215,283 shares during the period. 61.31% of the stock is owned by institutional investors.

i-80 Gold Stock Performance

IAUX stock traded down $0.01 on Friday, reaching $0.65. 5,488,100 shares of the company were exchanged, compared to its average volume of 6,840,935. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.26. The stock's fifty day moving average price is $0.61 and its 200 day moving average price is $0.62. The firm has a market capitalization of $511.18 million, a PE ratio of -1.80 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

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.