i-80 Gold (TSE:IAU) Rating Increased to Hold at Cormark

Cormark upgraded shares of i-80 Gold (TSE:IAU) to a hold rating in a research note published on Thursday,Zacks.com reports.

Separately, National Bank Financial downgraded 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, i-80 Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$3.90.

i-80 Gold Stock Performance

Shares of TSE IAU traded down C$0.03 during trading on Thursday, reaching C$0.52. The stock had a trading volume of 1,155,061 shares, compared to its average volume of 925,468. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.48. 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 stock has a market cap of C$200.17 million, a PE ratio of -1.41 and a beta of 1.79. The firm’s 50 day moving average price is C$1.45 and its two-hundred day moving average price is C$1.46.

i-80 Gold (TSE:IAU) last issued its quarterly earnings results on Monday, August 12th. The company reported C($0.10) earnings per share for the quarter. i-80 Gold had a negative net margin of 162.25% and a negative return on equity of 19.88%. The firm had revenue of C$9.83 million during the quarter. On average, research analysts forecast that i-80 Gold will post 0.0264607 earnings per share for the current fiscal year.

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.