Analysts Set i-80 Gold Corp. (TSE:IAU) PT at C$2.95

Shares of i-80 Gold Corp. (TSE:IAU) have been given an average rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$2.95.

IAU has been the topic of a number of recent research reports. Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

i-80 Gold Stock Performance

i-80 Gold stock opened at C$0.83 on Wednesday. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. The firm’s fifty day moving average price is C$0.96 and its 200 day moving average price is C$1.28. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.40. The company has a market capitalization of C$319.50 million, a price-to-earnings ratio of -2.13 and a beta of 1.79.

Insider Transactions at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young purchased 195,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. In the last ninety days, insiders purchased 285,150 shares of company stock valued at $184,581. Company insiders own 2.43% of the company’s stock.

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.