i-80 Gold Corp. (TSE:IAU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of i-80 Gold Corp. (TSE:IAU) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$2.55.

A number of research analysts have weighed in on IAU shares. Royal Bank of Canada decreased their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cormark raised shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. National Bankshares raised shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from C$2.25 to C$1.75 in a research note on Thursday, January 9th. Finally, Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

i-80 Gold Trading Up 1.7 %

IAU stock opened at C$1.17 on Thursday. The company has a current ratio of 0.33, a quick ratio of 1.57 and a debt-to-equity ratio of 40.07. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.20. The stock has a market cap of C$312.71 million, a price-to-earnings ratio of -2.16 and a beta of 1.79. The business’s 50-day moving average is C$0.84 and its 200 day moving average is C$1.13.

i-80 Gold Company Profile

i-80 Gold Corp. is a Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company’s central Lone Tree complex that includes an Autoclave. The Company’s primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.