i-80 Gold (TSE:IAU) Rating Lowered 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.

Other equities analysts have also issued research reports about the stock. National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday. 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. According to data from MarketBeat, i-80 Gold presently has an average rating of “Moderate Buy” and an average target price of C$3.90.

i-80 Gold Trading Down 10.9 %

TSE:IAU opened at C$0.49 on Wednesday. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.48. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. The business has a 50 day simple moving average of C$1.45 and a 200 day simple moving average of C$1.46. The firm has a market capitalization of C$188.62 million, a P/E ratio of -1.41 and a beta of 1.79.

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.