i-80 Gold (TSE:IAU) Cut to Moderate Buy at Stifel Canada

Stifel Canada downgraded shares of i-80 Gold (TSE:IAU) from a strong-buy rating to a moderate buy rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on IAU. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Royal Bank of Canada lowered their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, i-80 Gold currently has an average rating of “Hold” and a consensus price target of C$2.95.

i-80 Gold Price Performance

IAU stock opened at C$0.69 on Monday. The stock has a market capitalization of C$265.61 million, a PE ratio of -1.77 and a beta of 1.79. i-80 Gold has a 1 year low of C$0.47 and a 1 year high of C$2.40. The company’s 50-day moving average is C$0.99 and its 200-day moving average is C$1.28. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57.

Insiders Place Their Bets

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$0.64 per share, with a total value of C$124,800.00. Over the last ninety days, insiders bought 285,150 shares of company stock valued at $184,581. Insiders own 2.43% of the company’s stock.

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.