i-80 Gold (NYSE:IAUX) Given New $1.50 Price Target 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 note published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

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

i-80 Gold Price Performance

IAUX opened at $0.61 on Monday. The business has a fifty day moving average of $0.56 and a 200 day moving average of $0.60. i-80 Gold has a 52-week low of $0.34 and a 52-week high of $1.26. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $484.38 million, a P/E ratio of -1.71 and a beta of 1.10.

Institutional Investors Weigh In On i-80 Gold

Several hedge funds have recently made changes to their positions in IAUX. SG Americas Securities LLC lifted its holdings in shares of i-80 Gold by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 129,070 shares of the company’s stock worth $63,000 after buying an additional 24,740 shares during the period. McAdam LLC lifted its holdings in shares of i-80 Gold by 388.5% in the 4th quarter. McAdam LLC now owns 64,747 shares of the company’s stock worth $31,000 after buying an additional 51,493 shares during the period. Stratos Wealth Advisors LLC purchased a new stake in shares of i-80 Gold in the 4th quarter worth $48,000. Rhumbline Advisers lifted its holdings in shares of i-80 Gold by 14.4% in the 4th quarter. Rhumbline Advisers now owns 372,574 shares of the company’s stock worth $181,000 after buying an additional 46,951 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of i-80 Gold by 13.2% in the 4th quarter. Bank of New York Mellon Corp now owns 710,802 shares of the company’s stock worth $345,000 after buying an additional 83,040 shares during the period. 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.