i-80 Gold (NYSE:IAUX) Price Target Raised to $2.90

i-80 Gold (NYSE:IAUX) had its price target upped by Freedom Broker from $2.80 to $2.90 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

i-80 Gold Price Performance

Shares of IAUX stock opened at $1.45 on Thursday. The stock’s fifty day moving average is $1.68 and its 200-day moving average is $1.57. 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 stock has a market capitalization of $1.26 billion, a PE ratio of -4.03 and a beta of 1.23. i-80 Gold has a 52 week low of $0.89 and a 52 week high of $2.24.

Insider Activity

In related news, Director John Begeman sold 19,231 shares of i-80 Gold stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $1.74, for a total value of $33,461.94. Following the completion of the transaction, the director directly owned 827,354 shares of the company’s stock, valued at $1,439,595.96. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On i-80 Gold

Hedge funds have recently added to or reduced their stakes in the stock. Pale Fire Capital SE raised its stake in shares of i-80 Gold by 0.8% in the first quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company’s stock worth $31,681,000 after acquiring an additional 174,741 shares during the last quarter. Tidal Investments LLC grew its stake in shares of i-80 Gold by 123.1% during the second quarter. Tidal Investments LLC now owns 18,662,686 shares of the company’s stock valued at $26,874,000 after purchasing an additional 10,298,143 shares during the last quarter. JGP Global Gestao de Recursos Ltda. bought a new stake in shares of i-80 Gold during the third quarter valued at approximately $9,960,000. Groupe la Francaise grew its stake in shares of i-80 Gold by 66.7% during the first quarter. Groupe la Francaise now owns 5,500,000 shares of the company’s stock valued at $8,315,000 after purchasing an additional 2,200,000 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of i-80 Gold in the second quarter valued at approximately $6,868,000. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Company Profile

i-80 Gold Corp. is a Canada-based mining company focused on the exploration, development and potential production of gold and other precious metals in Nevada. The company’s portfolio includes several advanced-stage projects and processing facilities in one of the world’s major gold-producing regions.

Its principal assets include the Ruby Hill, Granite Creek, McCoy-Cove and Lone Tree properties. These projects contain gold resources as well as opportunities for additional exploration and development.