i-80 Gold (NYSE:IAUX) Upgraded at National Bank Financial

National Bank Financial upgraded shares of i-80 Gold (NYSE:IAUX) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

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

i-80 Gold Stock Up 2.6 %

IAUX stock opened at $0.57 on Wednesday. i-80 Gold has a 52 week low of $0.34 and a 52 week high of $1.78. The company has a market capitalization of $170.29 million, a price-to-earnings ratio of -1.57 and a beta of 1.25. The company’s fifty day simple moving average is $0.57. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On i-80 Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its position in i-80 Gold by 66.1% during the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after acquiring an additional 7,889,867 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of i-80 Gold by 16.3% during the 3rd quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock worth $17,086,000 after purchasing an additional 2,121,050 shares during the last quarter. State Street Corp grew its position in shares of i-80 Gold by 16.3% in the third quarter. State Street Corp now owns 4,260,438 shares of the company’s stock valued at $4,942,000 after purchasing an additional 596,190 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of i-80 Gold by 22.9% in the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after purchasing an additional 702,326 shares during the last quarter. Finally, General American Investors Co. Inc. acquired a new stake in shares of i-80 Gold in the third quarter valued at approximately $3,092,000. 61.31% of the stock is owned by hedge funds and other institutional investors.

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.