Analysts raise i-80 Gold Corp’s target after securing $787.5 million in funding and reporting improved operational performance.
Freedom Broker increased its price target for i-80 Gold Corp. (IAUX) to $2.60 from $2, maintaining a Buy rating. The firm cited stronger Q1 operational results, driven by higher gold sales volumes and realized prices, alongside a successful $787.5 million recapitalization plan.
The funding secures the first two stages of i-80 Gold’s Nevada development strategy, reducing financing risks. The company’s core projects, including Granite Creek and Cove, aim for first gold production at Upper Archimedes by year-end.
IAUX has outperformed broader markets, delivering a 120.97% one-year return compared to the market’s 29.23%.