i-80 Gold Corp. (NYSE:IAUX) Receives $3.50 Consensus PT from Analysts

Shares of i-80 Gold Corp. (NYSE:IAUX - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.17.

Several brokerages recently commented on IAUX. Royal Bank of Canada cut their price objective on i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a report on Monday. Cormark raised i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. 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 report on Monday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of i-80 Gold in a report on Wednesday, April 2nd.

Hedge Funds Weigh In On i-80 Gold

Several large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its position in shares of i-80 Gold by 6.5% in the fourth quarter. Bank of Montreal Can now owns 310,940 shares of the company's stock valued at $149,000 after acquiring an additional 19,018 shares in the last quarter. Barclays PLC lifted its position 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 valued at $302,000 after acquiring an additional 19,910 shares in the last quarter. Rhumbline Advisers lifted its position in shares of i-80 Gold by 5.7% in the first quarter. Rhumbline Advisers now owns 393,756 shares of the company's stock valued at $229,000 after acquiring an additional 21,182 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of i-80 Gold by 23.7% in the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company's stock valued at $63,000 after acquiring an additional 24,740 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of i-80 Gold by 49.0% in the fourth 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. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Stock Performance

Shares of IAUX traded up $0.05 during trading hours on Friday, hitting $0.61. The stock had a trading volume of 15,782,939 shares, compared to its average volume of 6,108,469. 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 has a 12 month low of $0.34 and a 12 month high of $1.26. The firm has a market capitalization of $479.41 million, a PE ratio of -1.69 and a beta of 1.10. The stock has a fifty day moving average price of $0.56 and a 200 day moving average price of $0.60.

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.