CIBC Cuts i-80 Gold (NYSEAMERICAN:IAUX) Price Target to $3.50

i-80 Gold (NYSEAMERICAN:IAUX) had its target price decreased by CIBC from $4.25 to $3.50 in a research note issued to investors on Wednesday, Benzinga reports. CIBC currently has an outperformer rating on the stock.

i-80 Gold Trading Up 2.7 %

Shares of IAUX stock opened at $1.16 on Wednesday. The company has a market cap of $348.70 million, a price-to-earnings ratio of -5.04 and a beta of 1.42. The company has a current ratio of 0.30, a quick ratio of 0.17 and a debt-to-equity ratio of 0.21. i-80 Gold has a 12-month low of $0.96 and a 12-month high of $2.33.

i-80 Gold (NYSEAMERICAN:IAUX) last released its earnings results on Monday, May 13th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $8.41 million during the quarter. i-80 Gold had a negative net margin of 115.35% and a negative return on equity of 20.42%. On average, equities analysts predict that i-80 Gold will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On i-80 Gold

Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in i-80 Gold by 8.2% during the 4th quarter. Mackenzie Financial Corp now owns 98,295 shares of the company’s stock worth $173,000 after buying an additional 7,469 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in i-80 Gold by 28.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock worth $78,000 after buying an additional 12,737 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in i-80 Gold during the 4th quarter worth about $40,000. Vanguard Personalized Indexing Management LLC purchased a new stake in i-80 Gold during the 4th quarter worth about $47,000. Finally, Tower Research Capital LLC TRC lifted its holdings in i-80 Gold by 351.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 36,373 shares of the company’s stock worth $64,000 after buying an additional 28,314 shares during the last quarter. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.