i-80 Gold (TSE:IAU) Stock Price Up 4.8%

i-80 Gold Corp. (TSE:IAU)’s stock price traded up 4.8% during trading on Wednesday . The company traded as high as C$1.54 and last traded at C$1.53. 71,334 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 846,377 shares. The stock had previously closed at C$1.46.

Analyst Ratings Changes

A number of research analysts have weighed in on IAU shares. Stifel Nicolaus cut their target price on shares of i-80 Gold from C$4.10 to C$3.90 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Cibc World Mkts upgraded shares of i-80 Gold to a “strong-buy” rating in a research report on Wednesday, July 10th.

i-80 Gold Price Performance

The stock has a market capitalization of C$612.05 million, a P/E ratio of -3.74 and a beta of 1.76. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47. The company has a fifty day simple moving average of C$1.40 and a two-hundred day simple moving average of C$1.57.

i-80 Gold (TSE:IAU) last posted its quarterly earnings results on Monday, August 12th. The company reported C($0.10) earnings per share (EPS) for the quarter. The company had revenue of C$9.83 million during the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. Sell-side analysts expect that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.