i-80 Gold Corp. (NYSE:IAUX) Receives Average Recommendation of “Hold” from Brokerages

Shares of i-80 Gold Corp. (NYSE:IAUX) have been assigned an average rating of “Hold” from the four research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.50.

Several analysts have recently issued reports on IAUX shares. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Finally, Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd.

Institutional Investors Weigh In On i-80 Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rathbones Group PLC purchased a new position in i-80 Gold in the 2nd quarter worth approximately $47,000. Murphy Pohlad Asset Management LLC lifted its position in shares of i-80 Gold by 240.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after purchasing an additional 36,000 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of i-80 Gold in the third quarter valued at $71,000. Creative Planning acquired a new stake in i-80 Gold during the 3rd quarter valued at $119,000. Finally, SG Americas Securities LLC increased its stake in i-80 Gold by 142.7% during the 3rd quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock worth $121,000 after buying an additional 61,337 shares during the period. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Price Performance

IAUX opened at $0.59 on Wednesday. i-80 Gold has a 1 year low of $0.34 and a 1 year high of $1.78. The company has a market capitalization of $176.39 million, a P/E ratio of -1.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33.

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.