i-80 Gold (NYSE:IAUX) Rating Lowered to Hold at Cibc World Mkts

i-80 Gold (NYSE:IAUX) was downgraded by Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

IAUX has been the subject of a number of other research reports. National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, i-80 Gold has an average rating of “Hold” and a consensus price target of $3.50.

i-80 Gold Price Performance

Shares of i-80 Gold stock opened at $0.56 on Monday. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.88. The company has a market cap of $166.89 million, a price-to-earnings ratio of -1.54 and a beta of 1.17. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IAUX. SG Americas Securities LLC grew its position in i-80 Gold by 271.7% in the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock worth $46,000 after acquiring an additional 31,425 shares during the period. Rathbones Group PLC purchased a new position in shares of i-80 Gold during the second quarter worth $47,000. Murphy Pohlad Asset Management LLC boosted its position in shares of i-80 Gold by 240.0% during 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 period. HTLF Bank boosted its position in shares of i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock worth $65,000 after buying an additional 15,000 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of i-80 Gold during the third quarter worth $71,000. 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.