i-80 Gold (TSE:IAU) Stock Price Down 7.9% - Time to Sell?

i-80 Gold Corp. (TSE:IAU - Get Free Report)'s stock price traded down 7.9% during mid-day trading on Monday . The stock traded as low as C$0.82 and last traded at C$0.82. 89,897 shares were traded during mid-day trading, a decline of 87% from the average session volume of 666,903 shares. The stock had previously closed at C$0.89.

Analysts Set New Price Targets

Separately, Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, i-80 Gold currently has an average rating of "Moderate Buy" and a consensus target price of C$2.55.

i-80 Gold Price Performance

The firm has a market cap of C$224.51 million, a PE ratio of -1.55 and a beta of 1.79. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. The stock has a 50 day moving average price of C$0.83 and a two-hundred day moving average price of C$0.86.

About i-80 Gold

i-80 Gold Corp. is a Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company's central Lone Tree complex that includes an Autoclave. The Company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

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