i-80 Gold (NYSE:IAUX) Price Target Cut to $1.50 by Analysts at Royal Bank of Canada

i-80 Gold (NYSE:IAUX) had its price target cut by Royal Bank of Canada from $2.00 to $1.50 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

IAUX has been the subject of several other reports. National Bankshares reissued an “outperform” rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Cormark raised shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, i-80 Gold presently has an average rating of “Moderate Buy” and an average target price of $2.17.

i-80 Gold Stock Up 8.5%

Shares of NYSE IAUX opened at $0.55 on Monday. i-80 Gold has a 52-week low of $0.34 and a 52-week high of $1.26. The firm has a fifty day moving average of $0.56 and a 200-day moving average of $0.60. The stock has a market capitalization of $430.31 million, a PE ratio of -1.52 and a beta of 1.24. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On i-80 Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maia Wealth LLC purchased a new position in i-80 Gold in the 4th quarter valued at about $34,000. McAdam LLC boosted its position in i-80 Gold by 388.5% in the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock valued at $31,000 after buying an additional 51,493 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in i-80 Gold by 490.9% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company’s stock valued at $32,000 after buying an additional 54,000 shares during the last quarter. ProShare Advisors LLC boosted its position in i-80 Gold by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company’s stock valued at $43,000 after buying an additional 29,339 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in i-80 Gold in the 4th quarter valued at about $46,000. 61.31% of the stock is owned by hedge funds and other 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.