i-80 Gold (TSE:IAU) Stock Price Up 0.7% – What’s Next?

i-80 Gold Corp. (TSE:IAU) traded up 0.7% during mid-day trading on Wednesday . The stock traded as high as C$1.49 and last traded at C$1.46. 791,328 shares were traded during mid-day trading, a decline of 7% from the average session volume of 853,870 shares. The stock had previously closed at C$1.45.

Wall Street Analyst Weigh In

A number of brokerages have commented on IAU. Cibc World Mkts raised i-80 Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

i-80 Gold Trading Up 0.7 %

The stock has a market cap of C$562.01 million, a PE ratio of -3.74 and a beta of 1.79. The company’s fifty day moving average is C$1.48 and its 200-day moving average is C$1.49. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57.

i-80 Gold (TSE:IAU) last released its quarterly earnings data on Monday, August 12th. The company reported C($0.10) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.25% and a negative return on equity of 19.88%. The company had revenue of C$9.83 million for the quarter. On average, analysts predict that i-80 Gold Corp. will post 0.0264607 earnings per share for the current fiscal year.

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.