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

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

IAU has been the subject of several other research reports. 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 report on Thursday. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$3.90.

i-80 Gold Stock Performance

TSE IAU traded down C$0.05 during trading hours on Wednesday, hitting C$0.50. 1,553,161 shares of the company’s stock traded hands, compared to its average volume of 925,468. The firm has a market capitalization of C$192.47 million, a P/E ratio of -1.41 and a beta of 1.79. i-80 Gold has a 52 week low of C$0.47 and a 52 week high of C$2.48. The business’s fifty day moving average price is C$1.45 and its two-hundred day moving average price is C$1.46. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47.

i-80 Gold (TSE:IAU) last released its earnings results on Monday, August 12th. The company reported C($0.10) EPS for the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. The company had revenue of C$9.83 million during the quarter. Equities research analysts predict that i-80 Gold will post 0.0264607 EPS for the current year.

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.