i-80 Gold Corp. (TSE:IAU) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of i-80 Gold Corp. (TSE:IAU) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$2.55.

Several brokerages recently weighed in on IAU. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. National Bankshares raised i-80 Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$2.25 to C$1.75 in a report on Thursday, January 9th. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th.

i-80 Gold Stock Up 3.6 %

TSE:IAU opened at C$1.16 on Thursday. The company has a debt-to-equity ratio of 40.07, a quick ratio of 1.57 and a current ratio of 0.33. The firm has a market cap of C$310.03 million, a P/E ratio of -2.14 and a beta of 1.79. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.20. The firm has a 50-day simple moving average of C$0.86 and a two-hundred day simple moving average of C$1.13.

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.