Stifel Nicolaus Lowers i-80 Gold (TSE:IAU) Price Target to C$3.90

i-80 Gold (TSE:IAU) had its price target lowered by analysts at Stifel Nicolaus from C$4.10 to C$3.90 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 170.83% from the stock’s current price.

i-80 Gold Price Performance

TSE IAU traded up C$0.05 during mid-day trading on Wednesday, hitting C$1.44. The stock had a trading volume of 309,811 shares, compared to its average volume of 970,772. The company has a debt-to-equity ratio of 43.59, a current ratio of 0.30 and a quick ratio of 1.57. The firm’s 50 day moving average is C$1.55 and its 200 day moving average is C$1.81. The stock has a market capitalization of C$554.26 million, a price-to-earnings ratio of -4.36 and a beta of 1.89. i-80 Gold has a twelve month low of C$1.32 and a twelve month high of C$3.07.

i-80 Gold (TSE:IAU) last released its quarterly earnings results on Monday, May 13th. The company reported C($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.04). The business had revenue of C$11.34 million for the quarter. i-80 Gold had a negative return on equity of 17.16% and a negative net margin of 115.35%. Equities research analysts forecast that i-80 Gold will post 0.0264607 earnings per share for the current fiscal 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.