i-80 Gold (TSE:IAU) Reaches New 1-Year Low at $1.38

i-80 Gold Corp. (TSE:IAU) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$1.38 and last traded at C$1.40, with a volume of 185240 shares changing hands. The stock had previously closed at C$1.42.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their target price 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.

i-80 Gold Price Performance

The company has a 50 day moving average of C$1.59 and a 200 day moving average of C$1.86. The stock has a market capitalization of C$573.50 million, a price-to-earnings ratio of -4.52 and a beta of 1.89. The company has a quick ratio of 1.57, a current ratio of 0.30 and a debt-to-equity ratio of 43.59.

i-80 Gold (TSE:IAU) last posted its quarterly earnings results on Monday, May 13th. The company reported C($0.09) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.04). The business 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%. As a group, equities research analysts forecast that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

Insider Buying and Selling

In other i-80 Gold news, Director John A. Begeman sold 25,000 shares of i-80 Gold stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$1.75, for a total value of C$43,750.00. 15.82% of the stock is currently owned by company insiders.

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.