i-80 Gold (TSE:IAU) Trading Down 5.1% - Time to Sell?

i-80 Gold Corp. (TSE:IAU - Get Free Report)'s share price dropped 5.1% during mid-day trading on Friday . The stock traded as low as C$0.94 and last traded at C$0.94. Approximately 93,025 shares were traded during trading, a decline of 85% from the average daily volume of 632,365 shares. The stock had previously closed at C$0.99.

Analyst Upgrades and Downgrades

IAU has been the subject of several recent research reports. Ventum Cap Mkts lowered shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. National Bank Financial raised shares of i-80 Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Cibc World Mkts cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 2nd. National Bankshares upgraded i-80 Gold from a "sector perform" rating to an "outperform" rating and cut their price target for the company from C$2.25 to C$1.75 in a report on Thursday, January 9th. Finally, Cormark upgraded i-80 Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday. Two 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$2.55.

i-80 Gold Stock Performance

The firm has a market cap of C$245.89 million, a price-to-earnings ratio of -1.70 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 firm has a fifty day simple moving average of C$0.91 and a two-hundred day simple moving average of C$1.11.

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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.