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

i-80 Gold Corp. (TSE:IAU) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$2.55.

IAU has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price target on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. National Bankshares upgraded shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and cut their target price for the company from C$2.25 to C$1.75 in a research note on Thursday, January 9th. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Finally, Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

i-80 Gold Trading Down 2.7 %

Shares of IAU stock opened at C$1.08 on Thursday. The stock has a market cap of C$288.65 million, a price-to-earnings ratio of -1.99 and a beta of 1.79. The firm has a fifty day moving average of C$0.82 and a 200-day moving average of C$1.13. i-80 Gold has a 52-week low of C$0.47 and a 52-week high of C$2.20. The company has a debt-to-equity ratio of 40.07, a quick ratio of 1.57 and a current ratio of 0.33.

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.