i-80 Gold (NYSE:IAUX) Upgraded by National Bank Financial to “Strong-Buy” Rating

National Bank Financial upgraded shares of i-80 Gold (NYSE:IAUX) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on IAUX. Cibc World Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, i-80 Gold has an average rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Price Performance

Shares of NYSE:IAUX opened at $0.55 on Wednesday. The company has a market capitalization of $165.90 million, a P/E ratio of -1.53 and a beta of 1.25. The firm’s fifty day moving average is $0.57. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Hedge Funds Weigh In On i-80 Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rathbones Group PLC purchased a new position in i-80 Gold in the second quarter worth about $47,000. Murphy Pohlad Asset Management LLC boosted its holdings in shares of i-80 Gold by 240.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after buying an additional 36,000 shares during the last quarter. Intech Investment Management LLC bought a new stake in i-80 Gold during the third quarter valued at approximately $71,000. Creative Planning purchased a new stake in i-80 Gold during the third quarter valued at approximately $119,000. Finally, SG Americas Securities LLC increased its holdings in i-80 Gold by 142.7% during the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock valued at $121,000 after buying an additional 61,337 shares during the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Company Profile

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.