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

i-80 Gold Corp. (NYSE:IAUX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $2.17.

IAUX has been the subject of several research analyst reports. National Bankshares reiterated an "outperform" rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Scotiabank cut their price objective on 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. Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Finally, Royal Bank Of Canada decreased their price target on 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 Trading of i-80 Gold

A number of hedge funds have recently added to or reduced their stakes in the stock. Maia Wealth LLC purchased a new position in i-80 Gold during the fourth quarter worth $34,000. Kohmann Bosshard Financial Services LLC grew its holdings in shares of i-80 Gold by 490.9% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company's stock valued at $32,000 after purchasing an additional 54,000 shares during the last quarter. ProShare Advisors LLC grew its holdings in i-80 Gold by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company's stock worth $43,000 after buying an additional 29,339 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in i-80 Gold in the fourth quarter worth approximately $46,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in i-80 Gold in the first quarter worth approximately $59,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Price Performance

NYSE IAUX traded down $0.04 during trading hours on Wednesday, reaching $0.61. The company's stock had a trading volume of 45,818,546 shares, compared to its average volume of 6,771,452. The company has a market capitalization of $476.81 million, a price-to-earnings ratio of -1.68 and a beta of 1.10. 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 200-day moving average price is $0.60. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

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.