Ventum Cap Mkts Downgrades i-80 Gold (TSE:IAU) to Hold

i-80 Gold (TSE:IAU) was downgraded by analysts at Ventum Cap Mkts from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently weighed in on IAU. Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday. National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, i-80 Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.90.

i-80 Gold Price Performance

Shares of TSE IAU traded down C$0.05 during midday trading on Wednesday, reaching C$0.50. The company’s stock had a trading volume of 1,553,161 shares, compared to its average volume of 925,468. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.48. The business’s 50 day moving average price is C$1.45 and its two-hundred day moving average price is C$1.46. The company has a market cap of C$192.47 million, a P/E ratio of -1.41 and a beta of 1.79.

i-80 Gold (TSE:IAU) last announced its quarterly earnings data 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 company had revenue of C$9.83 million for the quarter. On average, analysts forecast that i-80 Gold will post 0.0264607 EPS 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.