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

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

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

i-80 Gold Price Performance

TSE:IAU traded down C$0.06 on Wednesday, reaching C$0.49. The stock had a trading volume of 3,798,875 shares, compared to its average volume of 937,377. The stock has a fifty day moving average price of C$1.45 and a 200-day moving average price of C$1.46. The company has a market capitalization 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 has a 1-year low of C$0.47 and a 1-year high of C$2.48.

i-80 Gold (TSE:IAU - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported C($0.10) earnings per share for the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. The business had revenue of C$9.83 million for the quarter. Research analysts forecast that i-80 Gold will post 0.0264607 EPS 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.