Stifel Nicolaus Keeps Their Buy Rating on i-80 Gold Corp (IAU)

The Materials sector company, i-80 Gold Corp (IAU – Research Report), has received a rating update from a Wall Street analyst today. The Materials company, i-80 Gold Corp (TSX: IAU) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Soock has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 33.8% success rate. Soock covers the Basic Materials sector, focusing on stocks such as Americas Gold and Silver, SilverCrest Metals, and Bear Creek Mining.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for i-80 Gold Corp with a C$5.25 average price target, representing a 132.3% upside. In a report released today, Scotiabank also maintained a Buy rating on the stock with a C$4.50 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.

Read More on TSE:IAU:

• i-80 GOLD signs non-binding term sheet for JV of Ruby Hill
• 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