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

i-80 Gold Corp. (NYSE:IAUX) has been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.50.

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

Hedge Funds Weigh In On i-80 Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. McAdam LLC boosted its position in shares of i-80 Gold by 388.5% in the fourth quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after buying an additional 51,493 shares during the period. Kohmann Bosshard Financial Services LLC boosted its position in i-80 Gold by 490.9% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company’s stock worth $32,000 after acquiring an additional 54,000 shares during the period. Maia Wealth LLC purchased a new position in i-80 Gold during the 4th quarter valued at about $34,000. ProShare Advisors LLC grew its stake in i-80 Gold by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock valued at $43,000 after acquiring an additional 29,339 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in i-80 Gold during the 4th quarter valued at about $46,000. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Trading Up 3.5 %

NYSE:IAUX opened at $0.83 on Thursday. 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 stock has a 50-day simple moving average of $0.58. i-80 Gold has a twelve month low of $0.34 and a twelve month high of $1.64. The stock has a market capitalization of $364.62 million, a P/E ratio of -2.30 and a beta of 1.29.

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.