i-80 Gold Corp. (TSE:IAU) Receives C$2.95 Consensus Target Price from Analysts

Shares of i-80 Gold Corp. (TSE:IAU) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$2.95.

A number of equities research analysts recently weighed in on the stock. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada lowered their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th.

Insider Activity at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of i-80 Gold stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders bought 285,150 shares of company stock valued at $184,581 over the last 90 days. Insiders own 2.43% of the company’s stock.

i-80 Gold Stock Down 3.5 %

TSE:IAU opened at C$0.83 on Wednesday. The company has a market cap of C$319.50 million, a price-to-earnings ratio of -2.13 and a beta of 1.79. i-80 Gold has a twelve month low of C$0.47 and a twelve month high of C$2.40. 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 has a fifty day simple moving average of C$0.96 and a 200-day simple moving average of C$1.28.

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.