i-80 Gold (TSE:IAU) Trading Up 1.4% - Should You Buy?

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) rose 1.4% during mid-day trading on Tuesday . The company traded as high as C$0.74 and last traded at C$0.74. Approximately 415,759 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 678,994 shares. The stock had previously closed at C$0.73.

Analyst Upgrades and Downgrades

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

i-80 Gold Stock Down 1.4%

The company has a debt-to-equity ratio of 40.07, a current ratio of 0.33 and a quick ratio of 1.57. The firm's 50-day moving average price is C$0.80 and its 200 day moving average price is C$0.85. The firm has a market cap of C$187.09 million, a P/E ratio of -1.29 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.