i-80 Gold Corp. (TSE:IAU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of i-80 Gold Corp. (TSE:IAU) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$2.55.

A number of equities research analysts have recently weighed in on IAU shares. Royal Bank of Canada dropped their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. National Bank Financial upgraded shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. National Bankshares upgraded shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$2.25 to C$1.75 in a research report on Thursday, January 9th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th.

i-80 Gold Price Performance

TSE:IAU opened at C$1.08 on Thursday. 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 stock’s 50 day moving average price is C$0.82 and its two-hundred day moving average price is C$1.13. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.20. The firm has a market capitalization of C$288.65 million, a price-to-earnings ratio of -1.99 and a beta of 1.79.

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.