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

i-80 Gold (TSE:IAU) was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

Several other analysts have also commented on IAU. Stifel Nicolaus decreased their price target on shares of i-80 Gold from C$4.10 to C$3.90 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Cibc World Mkts upgraded shares of i-80 Gold to a “strong-buy” rating in a research note on Wednesday, July 10th.

i-80 Gold Stock Performance

i-80 Gold stock opened at C$1.47 on Wednesday. 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 company has a market capitalization of C$565.86 million, a PE ratio of -3.77 and a beta of 1.79. The company has a 50 day moving average price of C$1.42 and a 200-day moving average price of C$1.52. i-80 Gold has a fifty-two week low of C$1.05 and a fifty-two week high of C$2.48.

i-80 Gold (TSE:IAU) last released 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 net margin of 162.25% and a negative return on equity of 19.88%. The firm had revenue of C$9.83 million during the quarter. As a group, equities analysts forecast 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.