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

i-80 Gold Corp. (TSE:IAU) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$2.55.

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

i-80 Gold Trading Up 0.9 %

Shares of i-80 Gold stock opened at C$1.15 on Thursday. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.20. The company has a current ratio of 0.33, a quick ratio of 1.57 and a debt-to-equity ratio of 40.07. The company has a market cap of C$307.36 million, a price-to-earnings ratio of -2.12 and a beta of 1.79. The company’s 50-day moving average price is C$0.83 and its 200-day moving average price is C$1.13.

i-80 Gold Company Profile

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.