i-80 Gold Corp. (TSE:IAU) Receives C$2.55 Consensus Target Price from Brokerages

i-80 Gold Corp. (TSE:IAU) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two 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 target among brokers that have issued a report on the stock in the last year is C$2.55.

Separately, Cormark raised 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 Stock Up 1.2%

TSE:IAU opened at C$0.83 on Friday. The firm’s 50-day moving average price is C$0.79 and its 200-day moving average price is C$0.85. The company has a market capitalization of C$221.83 million, a PE ratio of -1.53 and a beta of 1.79. The company has a debt-to-equity ratio of 40.07, a current ratio of 0.33 and a quick ratio of 1.57. i-80 Gold has a 1-year low of C$0.47 and a 1-year high of C$1.71.

i-80 Gold Company Profile

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.