i-80 Gold Corp. (TSE:IAU) Given Average Rating of “Hold” by Brokerages

Shares of i-80 Gold Corp. (TSE:IAU) have received an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$2.95.

IAU has been the subject of a number of research reports. Royal Bank of Canada dropped their price objective on i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Finally, National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th.

i-80 Gold Stock Performance

Shares of IAU stock opened at C$0.83 on Wednesday. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.40. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. The firm’s 50 day moving average price is C$0.95 and its 200-day moving average price is C$1.27. The firm has a market cap of C$319.50 million, a P/E ratio of -2.13 and a beta of 1.79.

Insider Transactions at i-80 Gold

In other news, Director Richard Scott Young acquired 195,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$0.64 per share, with a total value of C$124,800.00. Over the last ninety days, insiders purchased 285,150 shares of company stock valued at $184,581. 2.43% of the stock is currently owned by corporate insiders.

i-80 Gold Company Profile

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.