i-80 Gold (TSE:IAU) Reaches New 12-Month High – Still a Buy?

i-80 Gold Corp. (TSE:IAU)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$2.66 and last traded at C$2.66, with a volume of 354567 shares. The stock had previously closed at C$2.56.

i-80 Gold Stock Performance

The firm’s 50 day moving average is C$2.13 and its 200-day moving average is C$1.54. The company has a debt-to-equity ratio of 40.07, a quick ratio of 1.57 and a current ratio of 0.33. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of -12.27 and a beta of 1.88.

i-80 Gold (TSE:IAU) last posted its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. i-80 Gold had a negative net margin of 231.43% and a negative return on equity of 27.76%. The business had revenue of C$44.58 million during the quarter. Sell-side analysts anticipate that i-80 Gold Corp. will post 0.0264607 earnings per share for the current fiscal year.

i-80 Gold Company Profile

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.