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i-80 Gold Corp. (IAUX): What Does Valuation Ratios Tell Us?

i-80 Gold Corp. (AMEX:IAUX) saw an upside of 3.28% to close Tuesday at $2.83 after adding $0.09 on the day. The 5-day average trading volume is 909,460…

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This article was originally published by Fosters Leader

i-80 Gold Corp. (AMEX:IAUX) saw an upside of 3.28% to close Tuesday at $2.83 after adding $0.09 on the day. The 5-day average trading volume is 909,460 shares of the company’s common stock. It has gained $2.87 in the past week and touched a new high 2 times within the past 5 days. An average of 817,985 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 710,804.

IAUX’s 1-month performance is -1.05% or -$0.06 on its low of $2.67 reached on 01/24/23. The company’s shares have touched a 52-week low of $1.52 and high of $3.28, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, IAUX has achieved 0.35% or $0.01 and has reached a new high 2 times. However, the current price is down -13.72% from the 52-week high price.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 26.88 while the price-to-book (PB) in the most recent quarter is 1.72.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$9.92 million. IAUX stock balance sheet for the recent quarter shows that total liabilities totaled 281.29 million, with total debt at $113.78 million.

Let’s look briefly at i-80 Gold Corp. (IAUX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 52.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.02%.

The stock’s 5-day moving average is $2.79, reflecting a +5.20% or $0.14 change from its current price. IAUX is currently trading unch above its 20-day SMA, +54.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +44.39% and SMA200 by+8.85%.

Stochastic %K and %D was 23.70% and 22.96% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 53.15%, while the 14-day stochastic is at 33.33% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -0.01 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for IAUX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate IAUX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.

What is IAUX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.62 and a high of $4.30, with their median price target at $3.29. Looking at these predictions, the average price target given by analysts is for i-80 Gold Corp. (IAUX) stock is $3.41.

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