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

i-80 Gold Corp. (TSE:IAU) 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

IAU has been the topic of several research reports. Stifel Nicolaus dropped their price target on i-80 Gold from C$4.10 to C$3.90 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Cibc World Mkts raised i-80 Gold to a “strong-buy” rating in a research report on Wednesday, July 10th.

i-80 Gold Price Performance

The company’s fifty day simple moving average is C$1.42 and its 200-day simple moving average is C$1.52. The stock has a market cap of C$569.71 million, a P/E ratio of -3.79 and a beta of 1.79. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47.

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