Cormark Upgrades i-80 Gold (TSE:IAU) to Hold

i-80 Gold (TSE:IAU) was upgraded by equities researchers at Cormark to a “hold” rating in a research note issued to investors on Thursday,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 report on Wednesday, October 9th. Three research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.90.

i-80 Gold Stock Up 3.8 %

IAU opened at C$0.55 on Thursday. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. The stock has a fifty day moving average of C$1.46 and a 200-day moving average of C$1.47. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.48. The company has a market capitalization of C$211.72 million, a P/E ratio of -1.41 and a beta of 1.79.

i-80 Gold (TSE:IAU) last issued its quarterly earnings data on Monday, August 12th. The company reported C($0.10) earnings per share for the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. The business had revenue of C$9.83 million during the quarter. On average, equities analysts expect that i-80 Gold will post 0.0264607 EPS for the current year.

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.