i-80 Gold Corp. (TSE:IAU) Receives C$2.55 Consensus PT from Analysts

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$2.55.

IAU has been the subject of several research analyst reports. Stifel Canada cut i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th. National Bankshares raised shares of i-80 Gold from a "sector perform" rating to an "outperform" rating and cut their price objective for the company from C$2.25 to C$1.75 in a report on Thursday, January 9th. National Bank Financial upgraded shares of i-80 Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Finally, Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th.

i-80 Gold Price Performance

IAU stock traded up C$0.03 during trading on Friday, reaching C$0.87. The company's stock had a trading volume of 122,900 shares, compared to its average volume of 674,908. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. The company's fifty day moving average is C$0.95 and its 200-day moving average is C$1.00. The company has a market capitalization of C$232.52 million, a P/E ratio of -1.60 and a beta of 1.79. i-80 Gold has a 1 year low of C$0.47 and a 1 year high of C$1.82.

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.