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

i-80 Gold Corp. (NYSE:IAUX) has received a consensus rating of “Moderate Buy” from the four ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $3.50.

A number of brokerages recently commented on IAUX. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th.

i-80 Gold Stock Performance

Shares of IAUX opened at $0.54 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The firm has a market cap of $219.84 million, a price-to-earnings ratio of -1.51 and a beta of 1.25. The company has a 50 day simple moving average of $0.57. i-80 Gold has a 52-week low of $0.34 and a 52-week high of $1.78.

i-80 Gold (NYSE:IAUX) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.07) EPS for the quarter. i-80 Gold had a negative net margin of 231.43% and a negative return on equity of 21.18%. The company had revenue of $11.51 million for the quarter. Equities research analysts predict that i-80 Gold will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On i-80 Gold

A number of large investors have recently modified their holdings of the company. McAdam LLC grew its holdings in shares of i-80 Gold by 388.5% during the fourth quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after purchasing an additional 51,493 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new position in i-80 Gold in the fourth quarter worth $48,000. Murphy Pohlad Asset Management LLC increased its stake in i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after acquiring an additional 36,000 shares during the last quarter. SG Americas Securities LLC raised its position in i-80 Gold by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock valued at $63,000 after purchasing an additional 24,740 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in i-80 Gold during the third quarter worth about $71,000. 61.31% of the stock is currently owned by 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.