i-80 Gold (NYSE:IAUX) Raised to Strong-Buy at National Bank Financial

i-80 Gold (NYSE:IAUX) was upgraded by National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on IAUX. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cibc World Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Stock Performance

Shares of i-80 Gold stock opened at $0.55 on Wednesday. The company has a market cap of $165.90 million, a PE ratio of -1.53 and a beta of 1.25. 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 business has a fifty day moving average of $0.57. i-80 Gold has a one year low of $0.34 and a one year high of $1.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. General American Investors Co. Inc. purchased a new stake in shares of i-80 Gold in the third quarter worth about $3,092,000. Renaissance Technologies LLC bought a new stake in i-80 Gold in the 2nd quarter worth approximately $1,401,000. Van ECK Associates Corp increased its stake in i-80 Gold by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after acquiring an additional 2,121,050 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of i-80 Gold by 111.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 180,621 shares of the company’s stock valued at $210,000 after acquiring an additional 95,039 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of i-80 Gold in the third quarter valued at $119,000. Institutional investors own 61.31% of the company’s stock.

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.