i-80 Gold (TSE:IAU) Downgraded to Hold Rating by Ventum Cap Mkts

i-80 Gold (TSE:IAU) was downgraded by Ventum Cap Mkts from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on IAU. National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark raised shares of i-80 Gold to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$3.90.

i-80 Gold Trading Up 3.8 %

Shares of i-80 Gold stock opened at C$0.55 on Wednesday. The stock has a 50 day moving average of C$1.46 and a 200 day moving average of C$1.47. 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 firm has a market capitalization of C$211.72 million, a price-to-earnings ratio of -1.41 and a beta of 1.79. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.48.

i-80 Gold (TSE:IAU) last announced its quarterly earnings results on Monday, August 12th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$9.83 million during the quarter. i-80 Gold had a negative net margin of 162.25% and a negative return on equity of 19.88%. As a group, research analysts predict 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.