i-80 Gold Corp. (NYSE:IAUX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of i-80 Gold Corp. (NYSE:IAUX) have been assigned an average rating of “Moderate Buy” from the three brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.50.

Several brokerages have recently commented on IAUX. National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cormark raised i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Finally, Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd.

Hedge Funds Weigh In On i-80 Gold

Several hedge funds have recently bought and sold shares of IAUX. Tidal Investments LLC lifted its stake in i-80 Gold by 66.1% during the 3rd 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 in the last quarter. Renaissance Technologies LLC lifted its stake in i-80 Gold by 429.0% during the 4th quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company’s stock worth $2,867,000 after acquiring an additional 4,793,333 shares in the last quarter. Trek Financial LLC lifted its stake in i-80 Gold by 246.6% during the 4th quarter. Trek Financial LLC now owns 6,541,417 shares of the company’s stock worth $3,173,000 after acquiring an additional 4,653,867 shares in the last quarter. NewGen Asset Management Ltd acquired a new position in i-80 Gold during the 4th quarter worth about $1,415,000. Finally, Amitell Capital Pte Ltd acquired a new position in i-80 Gold during the 4th quarter worth about $590,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Stock Up 3.2 %

Shares of i-80 Gold stock opened at $0.73 on Monday. i-80 Gold has a 52 week low of $0.34 and a 52 week high of $1.51. The company has a fifty day simple moving average of $0.66. The firm has a market cap of $321.33 million, a price-to-earnings ratio of -2.02 and a beta of 1.13. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19.

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.