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

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

IAU has been the subject of a number of other research reports. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday. National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$3.90.

i-80 Gold Stock Down 10.9 %

i-80 Gold stock opened at C$0.49 on Wednesday. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. The stock has a market capitalization of C$188.62 million, a price-to-earnings ratio of -1.26 and a beta of 1.79. i-80 Gold has a 1-year low of C$0.47 and a 1-year high of C$2.48. The business has a fifty day moving average price of C$1.43 and a 200-day moving average price of C$1.45.

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.