i-80 Gold (NYSE:IAUX) Stock Rating Lowered by Stifel Canada

i-80 Gold (NYSE:IAUX) was downgraded by investment analysts at Stifel Canada from a “strong-buy” rating to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, Cormark upgraded shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, i-80 Gold presently has a consensus rating of “Hold” and a consensus price target of $3.50.

i-80 Gold Stock Performance

Shares of i-80 Gold stock opened at $0.49 on Monday. i-80 Gold has a 1 year low of $0.34 and a 1 year high of $1.81. The firm has a market capitalization of $147.29 million, a PE ratio of -1.36 and a beta of 1.17. 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

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

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.