i-80 Gold (TSE:IAU) Trading Down 2% - Time to Sell?

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) dropped 2% during mid-day trading on Thursday . The stock traded as low as C$1.43 and last traded at C$1.45. Approximately 367,709 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 859,425 shares. The stock had previously closed at C$1.48.

Analyst Ratings Changes

A number of research firms have weighed in on IAU. Stifel Nicolaus decreased their price objective on i-80 Gold from C$4.10 to C$3.90 and set a "buy" rating for the company in a research report on Wednesday, July 3rd. Cibc World Mkts raised i-80 Gold to a "strong-buy" rating in a report on Wednesday, July 10th.

i-80 Gold Trading Down 0.7 %

The business has a fifty day moving average of C$1.42 and a two-hundred day moving average of C$1.52. The firm has a market cap of C$565.86 million, a price-to-earnings ratio of -3.77 and a beta of 1.79. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

i-80 Gold (TSE:IAU - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported C($0.10) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.25% and a negative return on equity of 19.88%. The firm had revenue of C$9.83 million during the quarter. As a group, equities analysts expect that i-80 Gold Corp. will post 0.0264607 earnings per share for the current fiscal year.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.