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

Cibc World Mkts lowered shares of i-80 Gold (NYSE:IAUX) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other research firms have also weighed in on IAUX. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

i-80 Gold Trading Down 4.8 %

NYSE:IAUX opened at $0.56 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.88. The firm has a market capitalization of $166.89 million, a P/E ratio of -1.54 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of i-80 Gold by 28.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after acquiring an additional 12,737 shares in the last quarter. HTLF Bank raised its stake in shares of i-80 Gold by 33.3% in the 2nd quarter. HTLF Bank now owns 60,000 shares of the company’s stock valued at $65,000 after acquiring an additional 15,000 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of i-80 Gold by 271.7% in the 2nd quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock valued at $46,000 after acquiring an additional 31,425 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its stake in shares of i-80 Gold by 240.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after acquiring an additional 36,000 shares in the last quarter. Finally, Rathbones Group PLC bought a new position in i-80 Gold in the 2nd quarter worth approximately $47,000. 61.31% of the stock is owned by institutional investors.

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.