i-80 Gold (TSE:IAU) Downgraded by National Bank Financial

National Bank Financial cut 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.

A number of other research firms have also weighed in on IAU. Stifel Nicolaus lowered their price objective on shares of i-80 Gold from C$4.10 to C$3.90 and set a buy rating on the stock in a research report on Wednesday, July 3rd. Cibc World Mkts upgraded shares of i-80 Gold to a strong-buy rating in a research note on Wednesday, July 10th.

i-80 Gold Trading Up 0.7 %

Shares of i-80 Gold stock opened at C$1.48 on Wednesday. The company’s fifty day moving average is C$1.42 and its two-hundred day moving average is C$1.52. i-80 Gold has a 1 year low of C$1.05 and a 1 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 company has a market capitalization of C$569.71 million, a P/E ratio of -3.79 and a beta of 1.79.

i-80 Gold (TSE:IAU) last posted its quarterly earnings data on Monday, August 12th. The company reported C($0.10) EPS 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. Analysts forecast that i-80 Gold will post 0.0264607 earnings per share for the current 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.