Royal Bank of Canada Lowers i-80 Gold (TSE:IAU) Price Target to C$2.00

i-80 Gold (TSE:IAU) had its price target decreased by analysts at Royal Bank of Canada from C$3.00 to C$2.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 143.90% from the company’s previous close.

Several other research firms have also recently weighed in on IAU. Ventum Cap Mkts cut 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 downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark raised shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$2.95.

i-80 Gold Trading Down 3.5 %

Shares of TSE IAU opened at C$0.82 on Friday. The company has a market cap of C$315.65 million, a PE ratio of -2.10 and a beta of 1.79. The firm’s 50 day moving average price is C$1.26 and its 200-day moving average price is C$1.38. i-80 Gold has a 52-week low of C$0.47 and a 52-week high of C$2.48. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

Insiders Place Their Bets

In other news, Director Richard Scott Young acquired 195,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders have purchased 285,150 shares of company stock valued at $184,581 over the last ninety days. 2.43% of the stock is owned by insiders.

i-80 Gold Company Profile

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.