i-80 Gold Corp. (TSE:IAU) Given Average Recommendation of “Moderate Buy” by Brokerages

i-80 Gold Corp. (TSE:IAU) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$2.55.

IAU has been the subject of several research analyst reports. National Bankshares upgraded 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 report on Thursday, January 9th. Stifel Canada lowered shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada dropped their price target on i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th.

Insider Activity at i-80 Gold

In related news, Director Richard Scott Young acquired 195,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased 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 have acquired 285,150 shares of company stock valued at $184,581. Company insiders own 2.43% of the company’s stock.

i-80 Gold Price Performance

i-80 Gold stock opened at C$0.81 on Friday. The company’s 50-day moving average price is C$0.80 and its two-hundred day moving average price is C$1.21. The stock has a market cap of C$311.80 million, a price-to-earnings ratio of -2.08 and a beta of 1.79. i-80 Gold has a 52 week low of C$0.47 and a 52 week 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.

i-80 Gold (TSE:IAU) last announced its earnings results on Tuesday, November 12th. The company reported C($0.10) EPS for the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. On average, analysts expect that i-80 Gold will post 0.0264607 EPS for the current fiscal year.

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.