Richard Scott Young Purchases 195,000 Shares of i-80 Gold Corp. (TSE:IAU) Stock

i-80 Gold Corp. (TSE:IAU) Director Richard Scott Young acquired 195,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$0.64 per share, with a total value of C$124,800.00.

i-80 Gold Stock Up 14.3 %

IAU traded up C$0.09 during trading on Tuesday, hitting C$0.72. The company had a trading volume of 2,452,843 shares, compared to its average volume of 956,724. The company has a market cap of C$277.16 million, a PE ratio of -1.62 and a beta of 1.79. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. i-80 Gold Corp. has a 1-year low of C$0.47 and a 1-year high of C$2.48. The business has a 50-day moving average of C$1.42 and a 200-day moving average of C$1.44.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IAU. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, i-80 Gold has a consensus rating of “Moderate Buy” and an average price target of C$3.90.

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.