i-80 Gold (TSE:IAU) Given New C$2.00 Price Target at Royal Bank of Canada

i-80 Gold (TSE:IAU - Get Free Report) had its target price lowered by analysts at Royal Bank of Canada from C$3.00 to C$2.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada's price objective indicates a potential upside of 143.90% from the stock's previous close.

Several other brokerages have also recently issued reports on IAU. Cibc World Mkts cut shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, December 2nd. Ventum Cap Mkts downgraded shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. National Bank Financial lowered shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 9th. Finally, Cormark upgraded i-80 Gold to a "hold" rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$2.95.

i-80 Gold Stock Down 3.5 %

Shares of IAU stock traded down C$0.03 during mid-day trading on Friday, hitting C$0.82. The stock had a trading volume of 575,510 shares, compared to its average volume of 1,000,107. The firm has a market capitalization of C$315.65 million, a P/E ratio of -2.10 and a beta of 1.79. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.48. The firm's 50-day moving average is C$1.26 and its two-hundred day moving average is C$1.38.

Insider Activity at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. Insiders bought 285,150 shares of company stock valued at $184,581 over the last 90 days. Insiders own 2.43% of the company's stock.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.