i-80 Gold Corp. (TSE:IAU) Receives C$2.55 Consensus Target Price from Analysts

Shares of i-80 Gold Corp. (TSE:IAU) have received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$2.55.

A number of research firms have weighed in on IAU. Cormark raised shares of i-80 Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Stifel Canada lowered shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Royal Bank of Canada lowered their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, National Bankshares upgraded shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from C$2.25 to C$1.75 in a research report on Thursday, January 9th.

i-80 Gold Stock Down 2.0 %

IAU stock opened at C$1.00 on Monday. 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 twelve month low of C$0.47 and a twelve month high of C$2.03. The company’s 50 day moving average is C$0.94 and its two-hundred day moving average is C$1.09. The stock has a market cap of C$267.27 million, a P/E 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.