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

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

i-80 Gold Price Performance

TSE IAU traded up C$0.09 during trading hours on Tuesday, reaching C$0.72. The company’s stock had a trading volume of 2,452,843 shares, compared to its average volume of 956,724. 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 company’s 50-day moving average is C$1.42 and its two-hundred day moving average is C$1.44. i-80 Gold Corp. has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.48. The stock has a market cap of C$277.16 million, a PE ratio of -1.62 and a beta of 1.79.

Analyst Ratings Changes

IAU has been the subject of several analyst reports. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, i-80 Gold currently has an average rating of “Moderate Buy” and a consensus target price 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.