i-80 Gold Corp. (TSE:IAU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of i-80 Gold Corp. (TSE:IAU) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two investment 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 twelve-month price target among brokers that have covered the stock in the last year is C$2.55.

A number of analysts have weighed in on the company. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their target price on i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. National Bankshares upgraded i-80 Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$2.25 to C$1.75 in a research note on Thursday, January 9th. Finally, Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th.

i-80 Gold Stock Performance

IAU stock opened at C$1.00 on Monday. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. The business’s fifty day simple moving average is C$0.94 and its two-hundred day simple moving average is C$1.08. i-80 Gold has a twelve month low of C$0.47 and a twelve month high of C$2.03. The firm has a market cap of C$267.27 million, a price-to-earnings ratio of -1.84 and a beta of 1.79.

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.