i-80 Gold (TSE:IAU) Hits New 52-Week High – Should You Buy?

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

i-80 Gold Stock Performance

The firm has a fifty day moving average of C$2.13 and a 200 day moving average of C$1.54. 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 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 issued its quarterly earnings results on Wednesday, November 12th. The company reported C($0.04) EPS 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. As a group, sell-side analysts forecast that i-80 Gold Corp. will post 0.0264607 EPS for the current year.

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.