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

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings 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 assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $2.17.

Several analysts have recently weighed in on IAUX shares. Cormark raised shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. 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 report on Monday, June 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. Finally, National Bankshares restated an "outperform" rating on shares of i-80 Gold in a report on Wednesday, April 2nd.

i-80 Gold Trading Down 2.3%

Shares of i-80 Gold stock opened at $0.68 on Wednesday. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.26. The stock has a market capitalization of $535.37 million, a P/E ratio of -1.89 and a beta of 1.10. The company has a 50-day simple moving average of $0.60 and a 200 day simple moving average of $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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position 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 worth $229,000 after purchasing an additional 21,182 shares during the period. Goldman Sachs Group Inc. increased its stake in i-80 Gold by 40.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,436,918 shares of the company's stock worth $2,000,000 after purchasing an additional 987,083 shares in the last quarter. AQR Capital Management LLC raised its holdings in i-80 Gold by 1,345.4% during the 1st quarter. AQR Capital Management LLC now owns 195,706 shares of the company's stock worth $114,000 after buying an additional 182,166 shares during the period. MetLife Investment Management LLC lifted its stake in i-80 Gold by 76.8% in the first quarter. MetLife Investment Management LLC now owns 160,403 shares of the company's stock valued at $93,000 after buying an additional 69,655 shares in the last quarter. Finally, Pale Fire Capital SE lifted its stake in i-80 Gold by 66.8% in the first quarter. Pale Fire Capital SE now owns 16,981,095 shares of the company's stock valued at $9,880,000 after buying an additional 6,801,325 shares in the last quarter. 61.31% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.