i-80 Gold (NYSEAMERICAN:IAUX – Get Free Report) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.
Separately, CIBC dropped their price target on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a research note on Wednesday, July 10th.
View Our Latest Analysis on i-80 Gold
i-80 Gold Stock Down 1.9 %
i-80 Gold (NYSEAMERICAN:IAUX – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. i-80 Gold had a negative return on equity of 21.06% and a negative net margin of 162.24%. The company had revenue of $7.18 million during the quarter. As a group, equities analysts anticipate that i-80 Gold will post -0.03 earnings per share for the current year.
Institutional Investors Weigh In On i-80 Gold
A number of large investors have recently bought and sold shares of IAUX. Renaissance Technologies LLC bought a new stake in i-80 Gold during the second quarter valued at about $1,401,000. Van ECK Associates Corp boosted its holdings in i-80 Gold by 23.3% during the second quarter. Van ECK Associates Corp now owns 12,999,682 shares of the company’s stock valued at $14,040,000 after acquiring an additional 2,459,920 shares during the period. Catalina Capital Group LLC boosted its holdings in i-80 Gold by 265.7% during the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock valued at $59,000 after acquiring an additional 32,075 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in i-80 Gold by 28.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 58,013 shares of the company’s stock valued at $78,000 after acquiring an additional 12,737 shares during the period. Finally, Virtu Financial LLC boosted its holdings in i-80 Gold by 1,365.7% during the first quarter. Virtu Financial LLC now owns 203,962 shares of the company’s stock valued at $273,000 after acquiring an additional 190,046 shares during the period. 61.31% of the stock is currently owned by institutional investors.
i-80 Gold Company Profile
i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.
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