i-80 Gold (NYSE:IAUX) Cut to “Moderate Buy” at Stifel Canada

Stifel Canada downgraded shares of i-80 Gold (NYSE:IAUX) from a strong-buy rating to a moderate buy rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. 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. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.50.

i-80 Gold Stock Up 1.8 %

Shares of NYSE IAUX opened at $0.49 on Monday. i-80 Gold has a 1 year low of $0.34 and a 1 year high of $1.81. 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 $147.29 million, a price-to-earnings ratio of -1.36 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in i-80 Gold by 42.6% during the second 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 lifted its stake in shares of i-80 Gold by 23.8% in the 2nd quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock valued at $339,000 after purchasing an additional 60,343 shares during the last quarter. TD Asset Management Inc raised its holdings in i-80 Gold by 119.8% during the second quarter. TD Asset Management Inc now owns 428,724 shares of the company’s stock valued at $451,000 after buying an additional 233,677 shares in the last quarter. Rathbones Group PLC acquired a new stake in i-80 Gold in the 2nd quarter worth approximately $47,000. Finally, Renaissance Technologies LLC acquired a new position in i-80 Gold in the 2nd quarter valued at $1,401,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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.