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

i-80 Gold Corp. (TSE:IAU) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$2.55.

Several analysts have recently issued reports on the company. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Cormark upgraded shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th.

Insider Buying and Selling

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of i-80 Gold stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders bought 285,150 shares of company stock worth $184,581 in the last quarter. 2.43% of the stock is owned by corporate insiders.

i-80 Gold Price Performance

Shares of IAU opened at C$0.81 on Friday. 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 has a market cap of C$311.80 million, a PE ratio of -2.08 and a beta of 1.79. The firm’s 50 day moving average price is C$0.80 and its 200 day moving average price is C$1.21. i-80 Gold has a twelve month low of C$0.47 and a twelve month high of C$2.40.

i-80 Gold (TSE:IAU) last released its quarterly earnings results on Tuesday, November 12th. The company reported C($0.10) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.25% and a negative return on equity of 19.88%. As a group, research 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.