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: