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

Ventum Cap Mkts downgraded shares of i-80 Gold (TSE:IAU) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other analysts also recently issued reports on IAU. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, i-80 Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$3.90.

i-80 Gold Price Performance

IAU opened at C$0.49 on Wednesday. i-80 Gold has a 52-week low of C$0.47 and a 52-week high of C$2.48. The company has a 50 day moving average of C$1.45 and a two-hundred day moving average of C$1.46. The company has a market cap of C$188.62 million, a P/E ratio of -1.41 and a beta of 1.79. The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47.

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.