Insider Buying: i-80 Gold Corp. (TSE:IAU) Director Acquires 195,000 Shares of Stock

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

i-80 Gold Stock Performance

Shares of IAU stock opened at C$0.78 on Thursday. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. The firm has a market cap of C$300.25 million, a price-to-earnings ratio of -2.00 and a beta of 1.79. i-80 Gold Corp. has a 52 week low of C$0.47 and a 52 week high of C$2.48. The firm’s 50-day simple moving average is C$1.39 and its two-hundred day simple moving average is C$1.43.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. 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. Finally, National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, i-80 Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.90.

About i-80 Gold

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.