i-80 Gold Corp. (TSE:IAU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of i-80 Gold Corp. (TSE:IAU) have received an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$2.95.

A number of equities analysts have recently commented on the company. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada reduced their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Stifel Canada lowered shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Finally, Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd.

Insiders Place Their Bets

In other news, Director Richard Scott Young acquired 195,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Insiders purchased a total of 285,150 shares of company stock worth $184,581 in the last 90 days. 2.43% of the stock is owned by company insiders.

i-80 Gold Trading Down 1.2 %

Shares of IAU opened at C$0.81 on Wednesday. i-80 Gold has a twelve month low of C$0.47 and a twelve month high of C$2.40. The firm has a market capitalization of C$311.80 million, a P/E ratio of -2.08 and a beta of 1.79. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47. The stock’s fifty day simple moving average is C$0.92 and its 200 day simple moving average is C$1.26.

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.