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

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$2.55.

A number of analysts have weighed in on IAU shares. National Bankshares raised i-80 Gold from a "sector perform" rating to an "outperform" rating and reduced their price target for the stock from C$2.25 to C$1.75 in a research report on Thursday, January 9th. Cormark upgraded i-80 Gold to a "hold" rating in a report on Thursday, November 14th. Cibc World Mkts cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 2nd. Royal Bank of Canada dropped their price objective on i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Finally, Ventum Cap Mkts cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th.

i-80 Gold Stock Up 0.9 %

Shares of IAU stock traded up C$0.01 on Thursday, hitting C$1.15. The company's stock had a trading volume of 1,101,842 shares, compared to its average volume of 675,335. The company has a debt-to-equity ratio of 40.07, a current ratio of 0.33 and a quick ratio of 1.57. The stock has a market capitalization of C$307.36 million, a price-to-earnings ratio of -2.12 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$2.20. The firm's fifty day moving average price is C$0.83 and its 200-day moving average price is C$1.13.

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.