i-80 Gold Corp. (NYSE:IAUX) Receives $3.50 Consensus Target Price from Analysts

i-80 Gold Corp. (NYSE:IAUX) has been given an average rating of “Hold” by the four brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.50.

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

Hedge Funds Weigh In On i-80 Gold

Several institutional investors have recently bought and sold shares of IAUX. Bank of New York Mellon Corp increased its holdings in shares of i-80 Gold by 42.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 763,663 shares of the company’s stock valued at $825,000 after purchasing an additional 228,017 shares in the last quarter. Rhumbline Advisers increased its holdings in i-80 Gold by 23.8% in the second quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock valued at $339,000 after buying an additional 60,343 shares in the last quarter. TD Asset Management Inc lifted its position in shares of i-80 Gold by 119.8% during the 2nd quarter. TD Asset Management Inc now owns 428,724 shares of the company’s stock valued at $451,000 after acquiring an additional 233,677 shares during the period. Rathbones Group PLC purchased a new stake in shares of i-80 Gold during the 2nd quarter worth approximately $47,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of i-80 Gold in the 2nd quarter worth approximately $1,401,000. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Trading Down 1.9 %

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

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.