i-80 Gold (TSE:IAU) Trading 2.7% Higher – What’s Next?

i-80 Gold Corp. (TSE:IAU)’s share price traded up 2.7% on Friday . The stock traded as high as C$0.76 and last traded at C$0.75. 502,234 shares were traded during trading, a decline of 49% from the average session volume of 986,625 shares. The stock had previously closed at C$0.73.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada dropped their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, i-80 Gold currently has an average rating of “Hold” and a consensus price target of C$2.95.

i-80 Gold Price Performance

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 market cap of C$288.71 million, a PE ratio of -1.92 and a beta of 1.79. The firm has a 50 day moving average of C$1.03 and a two-hundred day moving average of C$1.29.

Insider Transactions at i-80 Gold

In other news, Director Richard Scott Young bought 195,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Over the last three months, insiders have purchased 285,150 shares of company stock valued at $184,581. Insiders own 2.43% of the company’s stock.

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.