Shares of i-80 Gold Corp. (TSE:IAU – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$1.38 and last traded at C$1.40, with a volume of 185240 shares. The stock had previously closed at C$1.42.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus reduced their price objective on shares of i-80 Gold from C$4.75 to C$4.10 and set a “buy” rating for the company in a research note on Friday, May 24th.
View Our Latest Stock Analysis on i-80 Gold
i-80 Gold Price Performance
i-80 Gold (TSE:IAU – Get Free Report) last issued its earnings results on Monday, May 13th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.04). The firm had revenue of C$11.34 million during the quarter. i-80 Gold had a negative net margin of 115.35% and a negative return on equity of 17.16%. Equities research analysts anticipate that i-80 Gold Corp. will post 0.0264607 earnings per share for the current year.
Insiders Place Their Bets
In other i-80 Gold news, Director John A. Begeman sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$1.75, for a total transaction of C$43,750.00. In other news, Director John Seaman sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$2.00, for a total transaction of C$55,916.00. Also, Director John A. Begeman sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$1.75, for a total transaction of C$43,750.00. Company insiders own 15.82% 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.
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