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

Key Points

• i-80 Gold Corp. (NYSE:IAUX) has received a consensus rating of “Moderate Buy” from six research firms, with an average target price of $1.50.
• Institutional investors have increased their holdings in i-80 Gold, with Clear Harbor Asset Management raising its stake by 48.5% during the second quarter.
• As of the latest trading, i-80 Gold's stock is down 0.8% and has a market cap of approximately $456.68 million.

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $1.50.

Several equities research analysts have recently commented on the stock. Scotiabank decreased their target price on shares of i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating for the company in a research report on Monday, June 2nd. Royal Bank Of Canada dropped their target price on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating on the stock in a research note on Monday, June 2nd.

Institutional Investors Weigh In On i-80 Gold

Institutional investors have recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC lifted its position in i-80 Gold by 48.5% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 53,655 shares of the company's stock valued at $32,000 after acquiring an additional 17,533 shares during the period. Kohmann Bosshard Financial Services LLC increased its stake in i-80 Gold by 27.7% during the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 83,000 shares of the company's stock valued at $50,000 after purchasing an additional 18,000 shares in the last quarter. Bank of Montreal Can increased its stake in i-80 Gold by 6.5% during the 4th quarter. Bank of Montreal Can now owns 310,940 shares of the company's stock valued at $149,000 after purchasing an additional 19,018 shares in the last quarter. Barclays PLC grew its stake in shares of i-80 Gold by 3.3% in the fourth quarter. Barclays PLC now owns 623,979 shares of the company's stock worth $302,000 after acquiring an additional 19,910 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of i-80 Gold by 5.7% during the first quarter. Rhumbline Advisers now owns 393,756 shares of the company's stock valued at $229,000 after purchasing an additional 21,182 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company's stock.

i-80 Gold Trading Down 0.8%

IAUX opened at $0.58 on Thursday. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.26. 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 company has a market cap of $456.68 million, a P/E ratio of -1.61 and a beta of 1.17. The company has a fifty day moving average price of $0.63 and a two-hundred day moving average price of $0.62.

About i-80 Gold

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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