i-80 Gold Corp (IAU) Gets a Buy Rating from Scotiabank

Shares of i-80 Gold Corp (IAU – Research Report) were revisited by a Wall Street analyst today. Analyst Ovais Habib from Scotiabank remains bullish on the stock and has a C$4.50 price target.

According to TipRanks.com, Habib is a 1-star analyst with an average return of -2.0% and a 37.3% success rate. Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Pan American Silver, and SilverCrest Metals.

i-80 Gold Corp has an analyst consensus of Strong Buy, with a price target consensus of C$5.25.

i-80 Gold Corp is a gold producer and developer holding an organic pipeline of advanced-stage gold projects in the State of Nevada. It will focus on opportunities to expand production at South Arturo, advancing near-term production opportunities at Getchell, and completing permitting for the underground development plan for McCoy-Cove.

The company’s shares closed last Tuesday at C$1.86, close to its 52-week low of C$1.77.

Read More on TSE:IAU:

• i-80 Gold Signs Non-Binding Term Sheet for the Joint Venture of the Ruby Hill Property
• i-80 Gold Reports Q3 2023 Operating Results
• i-80 GOLD price target lowered to C$5 from C$5.50 at National Bank