i-80 Gold Corp. (TSE:IAU) Receives Average Rating of “Hold” from Analysts

i-80 Gold Corp. (TSE:IAU) has been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$2.95.

Several equities research analysts recently commented on the stock. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. 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. Royal Bank of Canada dropped their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd.

Insider Activity at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of i-80 Gold stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. Over the last 90 days, insiders have bought 285,150 shares of company stock valued at $184,581. Company insiders own 2.43% of the company’s stock.

i-80 Gold Stock Down 1.2 %

IAU opened at C$0.81 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 market cap of C$311.80 million, a price-to-earnings ratio of -2.08 and a beta of 1.79. The business’s fifty day moving average is C$0.92 and its two-hundred day moving average is C$1.26. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

About i-80 Gold

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.