Brokerages Set i-80 Gold Corp. (TSE:IAU) Price Target at C$2.95

Shares of i-80 Gold Corp. (TSE:IAU) have earned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$2.95.

A number of analysts have recently commented on the company. Royal Bank of Canada cut their target price on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note 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. National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Cormark upgraded shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th.

Insider Activity

In other news, Director Richard Scott Young bought 195,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$0.64 per share, with a total value of C$124,800.00. Over the last 90 days, insiders have purchased 285,150 shares of company stock valued at $184,581. Company insiders own 2.43% of the company’s stock.

i-80 Gold Price Performance

Shares of TSE:IAU 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. i-80 Gold has a 12 month low of C$0.47 and a 12 month high of C$2.40. The firm has a market capitalization of C$319.50 million, a P/E ratio of -2.13 and a beta of 1.79. The company’s fifty day moving average price is C$0.95 and its 200 day moving average price is C$1.27.

About i-80 Gold

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.