i-80 Gold (NYSE:IAUX) Downgraded to Hold Rating by Ventum Cap Mkts

Posted by Amber O'Connor on Nov 15th, 2024

Ventum Cap Mkts downgraded shares of i-80 Gold (NYSE:IAUX – Free Report) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday.

View Our Latest Stock Report on IAUX

i-80 Gold Price Performance

NYSE IAUX traded down $0.03 on Wednesday, hitting $0.37. 10,218,456 shares of the stock traded hands, compared to its average volume of 4,423,653. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.88.

i-80 Gold (NYSE:IAUX – Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $7.18 million during the quarter.

Institutional Investors Weigh In On i-80 Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. General American Investors Co. Inc. purchased a new stake in shares of i-80 Gold in the third quarter worth $3,092,000. Renaissance Technologies LLC bought a new position in i-80 Gold in the second quarter valued at $1,401,000. Van ECK Associates Corp increased its stake in i-80 Gold by 16.3% in the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after acquiring an additional 2,121,050 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in i-80 Gold by 111.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 180,621 shares of the company’s stock valued at $210,000 after acquiring an additional 95,039 shares during the last quarter. Finally, Creative Planning bought a new position in i-80 Gold in the third quarter valued at $119,000.

i-80 Gold Corp. is a mining company in the Precious Metals industry.