i-80 Gold Corp. (IAUX) Price Target Raised to $2.60 from $2

AI Summary

On June 2, Freedom Broker raised the price target for i-80 Gold Corp. (IAUX) to $2.60 from $2, maintaining a Buy rating. This decision stems from i-80’s operational improvements in Q1, which included increased gold sales volumes and higher realized gold prices. The company successfully secured $787.5 million in funding to support its development plans, including the Granite Creek and Cove projects. i-80’s one-year return stands at 120.97%, surpassing the overall market return of 29.23%, indicating strong investment potential.