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

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat.com reports. Two 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 1 year price objective among analysts that have issued a report on the stock in the last year is C$2.55.

IAU has been the subject of a number of analyst reports. Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 7th. National Bank Financial raised i-80 Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Stifel Canada downgraded i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, December 30th. Finally, National Bankshares upgraded i-80 Gold from a "sector perform" rating to an "outperform" rating and dropped their price objective for the company from C$2.25 to C$1.75 in a research note on Thursday, January 9th.

i-80 Gold Stock Down 4.7 %

IAU traded down C$0.04 during trading on Friday, hitting C$0.82. 213,358 shares of the company's stock were exchanged, compared to its average volume of 681,884. 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 50 day moving average is C$0.95 and its two-hundred day moving average is C$1.01. The stock has a market cap of C$219.16 million, a P/E ratio of -1.51 and a beta of 1.79. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$1.82.

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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.