i-80 Gold (TSE:IAU) Shares Down 5.1% – Should You Sell?

i-80 Gold Corp. (TSE:IAU) shares were down 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 Ratings Changes

Several analysts have recently issued reports on IAU shares. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, i-80 Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Down 8.1 %

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 has a market capitalization of C$243.22 million, a P/E ratio of -1.68 and a beta of 1.79. The firm has a 50-day simple moving average of C$0.90 and a 200 day simple moving average of C$1.12.

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.