i-80 Gold (NYSEAMERICAN:IAUX) Price Target Cut to $4.25 by Analysts at CIBC

i-80 Gold (NYSEAMERICAN:IAUX - Free Report) had its price objective cut by CIBC from $5.00 to $4.25 in a research report report published on Tuesday morning, Benzinga reports. They currently have an outperformer rating on the stock.

i-80 Gold Stock Performance

Shares of NYSEAMERICAN:IAUX remained flat at $1.21 during trading on Tuesday. The stock had a trading volume of 6,510,257 shares, compared to its average volume of 2,859,351. The firm has a market capitalization of $363.69 million, a price-to-earnings ratio of -5.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.65. i-80 Gold has a 1-year low of $1.15 and a 1-year high of $2.71.

i-80 Gold (NYSEAMERICAN:IAUX - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). i-80 Gold had a negative net margin of 118.74% and a negative return on equity of 20.98%. The company had revenue of $25.84 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IAUX. UBS Group AG grew its holdings in i-80 Gold by 17.1% during the fourth quarter. UBS Group AG now owns 41,105 shares of the company's stock worth $116,000 after acquiring an additional 5,998 shares during the period. Raymond James & Associates grew its holdings in i-80 Gold by 717.0% during the fourth quarter. Raymond James & Associates now owns 173,656 shares of the company's stock worth $490,000 after acquiring an additional 152,400 shares during the period. Bank of America Corp DE grew its holdings in i-80 Gold by 13,903.2% during the fourth quarter. Bank of America Corp DE now owns 565,590 shares of the company's stock worth $1,595,000 after acquiring an additional 561,551 shares during the period. JPMorgan Chase & Co. purchased a new stake in i-80 Gold during the fourth quarter worth $276,000. Finally, Barclays PLC boosted its position in i-80 Gold by 22.6% during the fourth quarter. Barclays PLC now owns 52,160 shares of the company's stock worth $147,000 after purchasing an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 61.31% of the company's stock.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.