i-80 Gold (TSE:IAU) Trading Down 2.6%

i-80 Gold Corp. (TSE:IAU)’s stock price fell 2.6% on Friday . The company traded as low as C$1.52 and last traded at C$1.52. 134,366 shares traded hands during trading, a decline of 84% from the average session volume of 857,659 shares. The stock had previously closed at C$1.56.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IAU. Cibc World Mkts upgraded i-80 Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus cut their price target on i-80 Gold from C$4.10 to C$3.90 and set a “buy” rating for the company in a research note on Wednesday, July 3rd.

i-80 Gold Price Performance

The stock has a market capitalization of C$585.11 million, a PE ratio of -4.00 and a beta of 1.76. 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 business has a fifty day moving average price of C$1.41 and a 200-day moving average price of C$1.57.

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

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.