i-80 Gold (NYSE:IAUX) Stock Rating Upgraded by National Bank Financial

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

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

i-80 Gold Trading Down 1.3 %

Shares of NYSE:IAUX opened at $0.55 on Wednesday. The company’s 50 day moving average is $0.57. The company has a market cap of $165.90 million, a P/E ratio of -1.53 and a beta of 1.25. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.78. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IAUX. JPMorgan Chase & Co. lifted its position in shares of i-80 Gold by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock worth $170,000 after buying an additional 31,315 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in shares of i-80 Gold by 240.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock worth $59,000 after acquiring an additional 36,000 shares in the last quarter. Rathbones Group PLC purchased a new stake in shares of i-80 Gold during the 2nd quarter worth approximately $47,000. The Manufacturers Life Insurance Company boosted its position in shares of i-80 Gold by 63.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,374 shares of the company’s stock valued at $135,000 after acquiring an additional 45,101 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of i-80 Gold by 23.8% in the second quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock valued at $339,000 after purchasing an additional 60,343 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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.