i-80 Gold Corp. (TSE:IAU) Receives Consensus Rating of "Moderate Buy" from Brokerages

i-80 Gold Corp. (TSE:IAU - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are currently covering the stock, MarketBeat reports. Two investment 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 1 year price objective among brokers that have issued ratings on the stock in the last year is C$2.55.

A number of research firms recently commented on IAU. National Bankshares upgraded shares of i-80 Gold from a "sector perform" rating to an "outperform" rating and lowered their price target for the company from C$2.25 to C$1.75 in a report on Thursday, January 9th. Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th.

i-80 Gold Trading Down 8.4 %

Shares of TSE IAU traded down C$0.07 during midday trading on Tuesday, reaching C$0.76. The company had a trading volume of 2,963,932 shares, compared to its average volume of 687,508. The firm's fifty day moving average price is C$0.88 and its 200-day moving average price is C$0.93. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. i-80 Gold has a one year low of C$0.47 and a one year high of C$1.77. The stock has a market cap of C$203.13 million, a PE ratio of -1.40 and a beta of 1.79.

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.