Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) were up 3.4% during mid-day trading on Friday . The stock traded as high as C$0.90 and last traded at C$0.90. Approximately 124,173 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 662,553 shares. The stock had previously closed at C$0.87.
Wall Street Analysts Forecast Growth
Separately, Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, i-80 Gold currently has an average rating of "Moderate Buy" and a consensus target price of C$1.88.
Read Our Latest Stock Analysis on i-80 Gold
i-80 Gold Stock Performance
The stock has a market cap of C$240.54 million, a P/E ratio of -1.66 and a beta of 1.79. 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 stock's 50 day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.86.
i-80 Gold Company Profile
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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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