GLOBE SAYSThe Globe and Mail reports in its Friday edition that National Bank Financial analyst Don DeMarco, in a research report titled Opportunity Meets Preparation in Nevada, started coverage of i-80 Gold with an "outperform" recommendation.
The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco is touting the potential of i-80's "infrastructure paired with world-class resource." Mr. DeMarco targets the shares at $4.25.
Analysts on average target the shares at $4.78.
Mr. DeMarco says in a note: "i-80 Gold Corporation is a junior producer executing on a plan to transition to an intermediate producer, exclusively through organic growth, employing a hub-and-spoke operating model to create a comprehensive Nevada-focused mining complex.
Pursuant to its plan, i-80 is to develop its portfolio of 100-per-cent-owned mining assets in Nevada, including Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. i-80's portfolio features infrastructure with eminent optionality, highlighted by a 2,500 tpd autoclave on care and maintenance at Lone Tree and additionally a processing facility at Ruby Hill including an oxide mill and active heap leach processing. ... Our rating is based on an elevated return to target."