National Bank Financial Lowers i-80 Gold (TSE:IAU) to Hold

National Bank Financial cut shares of i-80 Gold (TSE:IAU) from a strong-buy rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

A number of other research analysts have also issued reports on the company. Cibc World Mkts upgraded i-80 Gold to a strong-buy rating in a report on Wednesday, July 10th. Stifel Nicolaus cut their target price on shares of i-80 Gold from C$4.10 to C$3.90 and set a buy rating on the stock in a research note on Wednesday, July 3rd.

i-80 Gold Price Performance

IAU opened at C$1.48 on Wednesday. The firm has a market cap of C$569.71 million, a price-to-earnings ratio of -3.79 and a beta of 1.79. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47. The stock’s 50-day moving average price is C$1.42 and its 200 day moving average price is C$1.52. i-80 Gold has a 12-month low of C$1.05 and a 12-month high of C$2.48.

i-80 Gold (TSE:IAU) last announced its quarterly earnings data on Monday, August 12th. The company reported C($0.10) earnings per share 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, sell-side analysts expect that i-80 Gold will post 0.0264607 earnings per share 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.