i-80 Gold Corp. (NYSE:IAUX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

i-80 Gold Corp. (NYSE:IAUX) has received a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.50.

Several research firms have recently commented on IAUX. Cormark upgraded shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. National Bankshares reiterated an “outperform” rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Stifel Canada lowered shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Finally, National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th.

Institutional Investors Weigh In On i-80 Gold

Hedge funds have recently modified their holdings of the business. McAdam LLC lifted its holdings in shares of i-80 Gold by 388.5% in the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after acquiring an additional 51,493 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in shares of i-80 Gold by 490.9% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company’s stock worth $32,000 after buying an additional 54,000 shares during the period. Maia Wealth LLC purchased a new position in shares of i-80 Gold during the fourth quarter worth $34,000. ProShare Advisors LLC grew its stake 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 valued at $43,000 after buying an additional 29,339 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of i-80 Gold in the 4th quarter valued at $46,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

i-80 Gold Trading Down 4.3 %

Shares of IAUX stock opened at $0.59 on Friday. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.44. The business’s fifty day simple moving average is $0.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The firm has a market capitalization of $260.12 million, a P/E ratio of -1.63 and a beta of 1.26.

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.