i-80 Gold (NYSE:IAUX) Rating Lowered to “Hold” at Cibc World Mkts

i-80 Gold (NYSE:IAUX) was downgraded by stock analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

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

i-80 Gold Price Performance

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

Institutional Investors Weigh In On i-80 Gold

Large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its holdings in shares of i-80 Gold by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock valued at $22,996,000 after acquiring an additional 7,889,867 shares in the last quarter. Barclays PLC boosted its holdings in shares of i-80 Gold by 117.0% during the 3rd quarter. Barclays PLC now owns 604,069 shares of the company’s stock valued at $701,000 after acquiring an additional 325,664 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of i-80 Gold by 22.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after acquiring an additional 702,326 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of i-80 Gold during the 3rd quarter valued at $198,000. Finally, State Street Corp raised its position in i-80 Gold by 16.3% during the 3rd quarter. State Street Corp now owns 4,260,438 shares of the company’s stock worth $4,942,000 after purchasing an additional 596,190 shares during the last quarter. Institutional investors and hedge funds own 61.31% of the company’s stock.

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.