Brokerages Set i-80 Gold Corp. (TSE:IAU) PT at C$2.55

i-80 Gold Corp. (TSE:IAU) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the stock, 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 1 year target price among analysts that have issued a report on the stock in the last year is C$2.55.

Several equities analysts recently issued reports on the company. National Bankshares raised i-80 Gold from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from C$2.25 to C$1.75 in a report on Thursday, January 9th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Cormark upgraded i-80 Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th.

i-80 Gold Trading Up 15.8 %

Shares of i-80 Gold stock opened at C$0.88 on Friday. The company has a 50-day moving average of C$0.95 and a two-hundred day moving average of C$1.01. The stock has a market cap of C$235.20 million, a PE ratio of -1.62 and a beta of 1.79. The company has a current ratio of 0.33, a quick ratio of 1.57 and a debt-to-equity ratio of 40.07. i-80 Gold has a 12-month low of C$0.47 and a 12-month 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.