i-80 Gold (TSE:IAU) Upgraded at Cormark

Cormark upgraded shares of i-80 Gold (TSE:IAU) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$3.90.

i-80 Gold Price Performance

IAU opened at C$0.49 on Thursday. The firm has a 50-day moving average price of C$1.43 and a 200-day moving average price of C$1.45. 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 twelve month low of C$0.47 and a twelve month high of C$2.48. The company has a market capitalization of C$188.62 million, a price-to-earnings ratio of -1.26 and a beta of 1.79.

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.