i-80 Gold (NYSE:IAUX) Price Target Cut to $1.50 by Analysts at Scotiabank

i-80 Gold (NYSE:IAUX) had its target price reduced by Scotiabank from $2.25 to $1.50 in a research note issued to investors on Monday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

IAUX has been the topic of a number of other research reports. Royal Bank of Canada reduced their price objective on i-80 Gold from $2.00 to $1.50 and set an “outperform” rating on the stock in a research note on Monday. Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Finally, National Bankshares restated an “outperform” rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2.17.

i-80 Gold Trading Up 8.5%

Shares of IAUX opened at $0.55 on Monday. The stock’s 50-day moving average is $0.56 and its two-hundred day moving average is $0.60. The stock has a market cap of $430.31 million, a PE ratio of -1.52 and a beta of 1.24. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Institutional Trading of i-80 Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its position in shares of i-80 Gold by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock worth $63,000 after acquiring an additional 24,740 shares during the last quarter. Raymond James Financial Inc. bought a new stake in i-80 Gold in the fourth quarter valued at about $68,000. Rhumbline Advisers increased its holdings in i-80 Gold by 14.4% in the fourth quarter. Rhumbline Advisers now owns 372,574 shares of the company’s stock valued at $181,000 after buying an additional 46,951 shares during the last quarter. Barclays PLC increased its holdings in i-80 Gold by 3.3% in the fourth quarter. Barclays PLC now owns 623,979 shares of the company’s stock valued at $302,000 after buying an additional 19,910 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in i-80 Gold by 170.3% in the fourth quarter. Intech Investment Management LLC now owns 164,344 shares of the company’s stock valued at $80,000 after buying an additional 103,543 shares during the last quarter. 61.31% of the stock is 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.