i-80 Gold (TSE:IAU) Shares Down 7.9% - What's Next?

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) traded down 7.9% during trading on Monday . The stock traded as low as C$0.82 and last traded at C$0.82. 89,897 shares traded hands during 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 shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned 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 Stock Performance

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 firm has a 50 day moving average price of C$0.83 and a 200 day moving average price of C$0.86. The stock has a market capitalization of C$232.52 million, a PE ratio of -1.60 and a beta of 1.79.

i-80 Gold Company Profile

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.