Cormark Upgrades i-80 Gold (TSE:IAU) to Hold

i-80 Gold (TSE:IAU) was upgraded by analysts at Cormark to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$3.90.

i-80 Gold Stock Down 10.9 %

Shares of TSE IAU opened at C$0.49 on Thursday. The business’s fifty day moving average price is C$1.45 and its 200-day moving average price is C$1.46. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.48. The stock has a market capitalization of C$188.62 million, a PE ratio of -1.41 and a beta of 1.79. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57.

i-80 Gold Company Profile

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.