Brokerages Set i-80 Gold Corp. (TSE:IAU) Target Price at C$2.55

Shares of i-80 Gold Corp. (TSE:IAU) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$2.55.

A number of equities research analysts have weighed in on the company. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Royal Bank of Canada dropped their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a 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 report on Wednesday, January 8th. Finally, National Bankshares upgraded shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from C$2.25 to C$1.75 in a research note on Thursday, January 9th.

Insider Buying and Selling at i-80 Gold

In related news, Director Richard Scott Young purchased 195,000 shares of the company’s stock in a transaction dated 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. Insiders bought 285,150 shares of company stock valued at $184,581 over the last quarter. 2.43% of the stock is currently owned by insiders.

i-80 Gold Trading Up 4.0 %

IAU stock opened at C$0.78 on Friday. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.40. The firm has a market cap of C$300.25 million, a PE ratio of -2.00 and a beta of 1.79. The firm has a fifty day moving average price of C$0.81 and a 200 day moving average price of C$1.20. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

i-80 Gold (TSE:IAU) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C($0.10) EPS for the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. Sell-side analysts anticipate that i-80 Gold will post 0.0264607 earnings per share for the current fiscal year.

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.