i-80 Gold (TSE:IAU) Downgraded by Stifel Canada to Moderate Buy

i-80 Gold (TSE:IAU - Get Free Report) was downgraded by equities researchers at Stifel Canada from a "strong-buy" rating to a "moderate buy" rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Cibc World Mkts cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 2nd. 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 dropped their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Cormark raised shares of i-80 Gold to a "hold" rating in a research report on Thursday, November 14th. Finally, National Bank Financial cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$2.95.

i-80 Gold Price Performance

Shares of i-80 Gold stock remained flat at C$0.69 on Monday. The stock had a trading volume of 568,149 shares, compared to its average volume of 983,308. The stock's fifty 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 quick ratio of 1.57 and a current ratio of 0.54. i-80 Gold has a 1-year low of C$0.47 and a 1-year high of C$2.40. The company has a market capitalization of C$265.61 million, a P/E ratio of -1.77 and a beta of 1.79.

Insider Activity

In related news, Director Richard Scott Young acquired 195,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders have acquired 285,150 shares of company stock valued at $184,581 in the last ninety days. 2.43% of the stock is currently owned by company insiders.

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.