i-80 Gold (TSE:IAU) Trading 2.7% Higher – Should You Buy?

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

Analysts Set New Price Targets

A number of research firms have commented on IAU. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Royal Bank of Canada cut their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$2.95.

i-80 Gold Trading Up 2.7 %

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 stock has a 50 day moving average price of C$1.03 and a 200 day moving average price of C$1.30.

Insiders Place Their Bets

In related news, Director Richard Scott Young acquired 195,000 shares of i-80 Gold stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of C$0.64 per share, with a total value of C$124,800.00. Over the last 90 days, insiders bought 285,150 shares of company stock worth $184,581. 2.43% of the stock is owned by corporate insiders.

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.