Royal Bank of Canada Cuts i-80 Gold (TSE:IAU) Price Target to C$2.00

i-80 Gold (TSE:IAU) had its price objective lowered by Royal Bank of Canada from C$3.00 to C$2.00 in a research report report published on Friday morning,BayStreet.CA reports.

Several other brokerages also recently commented on IAU. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$2.95.

i-80 Gold Stock Performance

Shares of i-80 Gold stock opened at C$0.82 on Friday. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.48. The business’s 50 day moving average price is C$1.26 and its 200 day moving average price is C$1.38. The company has a market cap of C$315.65 million, a price-to-earnings ratio of -2.10 and a beta of 1.79.

Insider Buying and Selling at i-80 Gold

In other news, Director Richard Scott Young purchased 195,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Insiders have purchased a total of 285,150 shares of company stock worth $184,581 over the last ninety days. Insiders own 2.43% of the company’s stock.

About i-80 Gold

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.