i-80 Gold Corp. (TSE:IAU) Receives Average Recommendation of “Moderate Buy” from Analysts

i-80 Gold Corp. (TSE:IAU) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research 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 1-year price target among analysts that have covered the stock in the last year is C$2.55.

A number of brokerages have recently commented on IAU. 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 research report on Thursday, January 9th. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report 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 Price Performance

TSE:IAU opened at C$0.80 on Tuesday. The company has a debt-to-equity ratio of 40.07, a current ratio of 0.33 and a quick ratio of 1.57. The stock has a market cap of C$213.82 million, a P/E ratio of -1.48 and a beta of 1.79. The company has a fifty day moving average price of C$0.90 and a 200 day moving average price of C$0.94. i-80 Gold has a one year low of C$0.47 and a one year high of C$1.77.

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.