i-80 Gold (TSE:IAU) Trading Down 4.7%

i-80 Gold Corp. (TSE:IAUGet Rating) shares traded down 4.7% during trading on Wednesday . The company traded as low as C$2.81 and last traded at C$2.83. 534,083 shares were traded during mid-day trading, a decline of 38% from the average session volume of 858,717 shares. The stock had previously closed at C$2.97.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. National Bank Financial reiterated an “outperform spec overweight” rating on shares of i-80 Gold in a research note on Wednesday, November 16th. National Bankshares set a C$5.50 price target on i-80 Gold and gave the company an “outperform” rating in a research note on Thursday, January 26th.

i-80 Gold Stock Performance

The company has a market capitalization of C$685.05 million and a price-to-earnings ratio of 3.13. The company has a debt-to-equity ratio of 28.97, a current ratio of 2.26 and a quick ratio of 1.57. The stock has a 50-day simple moving average of C$3.47.

i-80 Gold Company Profile

(Get Rating)

i-80 Gold Corp., a mining company, engages in the exploration, development, and production of gold and silver mineral deposits in the United States. It holds a 100% interest in the Lone Tree property covering an area of approximately 12,000 acres located in Battle Mountain-Eureka, Northern Nevada; Ruby Hill property located in Battle Mountain Trend, Northern Nevada; McCoy-Cove project covering 31,000 acres located in Battle Mountain Trend, Nevada; and Buffalo Mountain property located in Battle Mountain Trend, Northern Nevada as well as controls Granite Creek Project located in Getchell Trend, Northern Nevada.

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