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

Shares of i-80 Gold Corp. (TSE:IAU) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$2.55.

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

i-80 Gold Stock Performance

Shares of IAU stock opened at C$0.99 on Monday. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.05. The company’s 50-day moving average is C$0.92 and its 200 day moving average is C$1.10. The company has a market capitalization of C$264.60 million, a price-to-earnings ratio of -1.83 and a beta of 1.79. The company has a debt-to-equity ratio of 40.07, a quick ratio of 1.57 and a current ratio of 0.33.

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.