i-80 Gold (NYSE:IAUX) Shares Gap Up - What's Next?

i-80 Gold Corp. (NYSE:IAUX - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $0.66, but opened at $0.70. i-80 Gold shares last traded at $0.68, with a volume of 1,423,290 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. National Bankshares restated an "outperform" rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Scotiabank dropped their price target on shares of i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating on the stock in a research report on Monday, June 2nd. Royal Bank of Canada dropped their price target on shares of 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. Finally, Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.17.

i-80 Gold Stock Up 0.7%

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 stock's 50-day moving average is $0.58 and its 200-day moving average is $0.60. The company has a market cap of $525.20 million, a price-to-earnings ratio of -1.85 and a beta of 1.10.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IAUX. Kohmann Bosshard Financial Services LLC lifted its position in shares of i-80 Gold by 490.9% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company's stock valued at $32,000 after acquiring an additional 54,000 shares during the period. Maia Wealth LLC acquired a new position in i-80 Gold during the fourth quarter worth $34,000. ProShare Advisors LLC raised its holdings in i-80 Gold by 49.0% during 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 during the last quarter. Sequoia Financial Advisors LLC acquired a new position in i-80 Gold during the fourth quarter worth $46,000. Finally, Citadel Advisors LLC acquired a new position in i-80 Gold during the fourth quarter worth $53,000. Institutional investors and hedge funds own 61.31% of the company's stock.

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.