A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Scotiabank’s analyst Ovais Habib reiterates their Buy rating on the shares of i-80 Gold Corp (IAU – Research Report), with a C$4.50 price target.
According to TipRanks.com, Habib is a 3-star analyst with an average return of 0.5% and a 43.4% success rate. Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Pan American Silver, and SilverCrest Metals.
Currently, the analyst consensus on i-80 Gold Corp is a Strong Buy with an average price target of C$5.25, which is a 132.3% upside from current levels. In a report issued on November 21, Stifel Nicolaus also maintained a Buy rating on the stock with a C$5.00 price target.
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 Monday at C$2.25.
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