i-80 Gold Corp. (TSE:IAU) Given Consensus Rating of "Moderate Buy" by Brokerages

i-80 Gold Corp. (TSE:IAU - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat reports. Two equities research 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 target price among brokerages that have issued a report on the stock in the last year is C$2.55.

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

i-80 Gold Price Performance

TSE IAU traded down C$0.06 on Monday, hitting C$1.02. 689,939 shares of the company's stock were exchanged, compared to its average volume of 692,951. The stock has a 50-day moving average of C$0.94 and a 200-day moving average of C$1.09. 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 52 week low of C$0.47 and a 52 week high of C$2.03. The stock has a market cap of C$272.62 million, a price-to-earnings ratio of -1.88 and a beta of 1.79.

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About i-80 Gold

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.