i-80 Gold (TSE:IAU) Stock Price Up 12.7% After Insider Buying Activity

Shares of i-80 Gold Corp. (TSE:IAU) were up 12.7% on Tuesday following insider buying activity. The company traded as high as C$0.72 and last traded at C$0.71. Approximately 1,091,559 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 950,647 shares. The stock had previously closed at C$0.63.

Specifically, Director Richard Scott Young purchased 195,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$0.64 per share, with a total value of C$124,800.00.

Analyst Ratings Changes

IAU has been the subject of several recent analyst reports. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Finally, National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$3.90.

i-80 Gold Price Performance

The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47. The firm has a market capitalization of C$300.25 million, a price-to-earnings ratio of -2.00 and a beta of 1.79. The company’s fifty day moving average is C$1.39 and its two-hundred day moving average is C$1.43.

i-80 Gold Company Profile

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.