Analysts Set i-80 Gold Corp. (NYSE:IAUX) Price Target at $2.17

i-80 Gold Corp. (NYSE:IAUXGet Free Report) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.17.

IAUX has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of i-80 Gold from $2.00 to $1.50 and set an “outperform” rating on the stock in a research note on Monday, June 2nd. Scotiabank decreased their price objective on shares of i-80 Gold from $2.25 to $1.50 and set a “sector outperform” rating for the company in a report on Monday, June 2nd. National Bankshares reissued an “outperform” rating on shares of i-80 Gold in a report on Wednesday, April 2nd. Finally, Cormark raised shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th.

Check Out Our Latest Report on IAUX

i-80 Gold Trading Down 6.8%

NYSE:IAUX opened at $0.61 on Wednesday. i-80 Gold has a one year low of $0.34 and a one year high of $1.26. 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 company’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.60. The firm has a market capitalization of $476.81 million, a P/E ratio of -1.68 and a beta of 1.10.

Hedge Funds Weigh In On i-80 Gold

Large investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC lifted its holdings 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 valued at $32,000 after buying an additional 54,000 shares in the last quarter. Maia Wealth LLC bought a new stake in shares of i-80 Gold in the 4th quarter valued at about $34,000. ProShare Advisors LLC raised its holdings in shares of i-80 Gold by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock valued at $43,000 after purchasing an additional 29,339 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of i-80 Gold during the 4th quarter worth approximately $46,000. Finally, Citadel Advisors LLC bought a new position in shares of i-80 Gold during the 4th quarter worth approximately $53,000. 61.31% of the stock is owned by hedge funds and other institutional investors.

About i-80 Gold

(Get Free Report

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.

Read More

Analyst Recommendations for i-80 Gold (NYSE:IAUX)

Receive News & Ratings for i-80 Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for i-80 Gold and related companies with MarketBeat.com's FREE daily email newsletter.