Brokerages Set i-80 Gold Corp. (TSE:IAU) Price Target at C$2.55

Shares of i-80 Gold Corp. (TSE:IAU) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$2.55.

Several research firms have recently commented on IAU. National Bankshares upgraded i-80 Gold from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from C$2.25 to C$1.75 in a research note on Thursday, January 9th. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, 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.

i-80 Gold Stock Up 3.6 %

Shares of IAU stock opened at C$1.16 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$310.03 million, a P/E ratio of -2.14 and a beta of 1.79. The company has a 50 day simple moving average of C$0.86 and a two-hundred day simple moving average of 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.