i-80 Gold (NYSE:IAUX) Stock Price Down 5.6% - What's Next?

i-80 Gold Corp. (NYSE:IAUX - Get Free Report)'s share price was down 5.6% during trading on Friday . The stock traded as low as $0.68 and last traded at $0.68. Approximately 3,750,587 shares were traded during trading, a decline of 37% from the average daily volume of 5,953,801 shares. The stock had previously closed at $0.72.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. National Bankshares reissued an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Scotiabank cut their price objective on shares of i-80 Gold from $2.25 to $1.50 and set a "sector outperform" rating for the company in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada reduced 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 report on Monday, June 2nd. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2.17.

i-80 Gold Stock Up 0.2%

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The stock has a market capitalization of $547.74 million, a PE ratio of -1.93 and a beta of 1.10. The company has a 50 day moving average price of $0.59 and a 200-day moving average price of $0.60.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of i-80 Gold by 14.4% during the 4th quarter. Rhumbline Advisers now owns 372,574 shares of the company's stock valued at $181,000 after purchasing an additional 46,951 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in i-80 Gold by 13.2% in the fourth quarter. Bank of New York Mellon Corp now owns 710,802 shares of the company's stock worth $345,000 after buying an additional 83,040 shares during the period. Maia Wealth LLC purchased a new stake in i-80 Gold in the fourth quarter worth about $34,000. Kohmann Bosshard Financial Services LLC boosted its position in 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in i-80 Gold during the 4th quarter valued at approximately $68,000. 61.31% of the stock is owned by hedge funds and other 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.