Tag #Analyst Actions

How do the revised project timelines and funding needs affect i-80 Gold's overall valuation and investor outlook?

Soock's downgrade reflects challenges in translating i-80 Gold's long-term asset value into near-term stock performance. Delays in projects like McCoy Cove (now expected mid-2029 instead of mid-2027) and required funding of $200 million in equity and $250 million in debt illustrate the financial hurdles. The analyst's lowered target price of $2, compared to the Street average of $2.57, underscores the market's cautious outlook.