i-80 Gold (TSE:IAU) Trading Down 5.1% – What’s Next?

i-80 Gold Corp. (TSE:IAU)’s share price traded down 5.1% on Friday . The stock traded as low as C$0.94 and last traded at C$0.94. 93,025 shares were traded during trading, a decline of 85% from the average session volume of 632,365 shares. The stock had previously closed at C$0.99.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IAU shares. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Cormark upgraded i-80 Gold to a “hold” rating in a report on Thursday, November 14th. National Bankshares upgraded shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$2.25 to C$1.75 in a report on Thursday, January 9th. Finally, Royal Bank of Canada cut their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, i-80 Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Down 10.1 %

The company has a market capitalization of C$237.87 million, a PE ratio of -1.64 and a beta of 1.79. The stock has a 50-day moving average of C$0.90 and a 200 day moving average of C$1.12. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07.

About i-80 Gold

i-80 Gold Corp. is a Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company’s central Lone Tree complex that includes an Autoclave. The Company’s primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.