i-80 Gold (TSE:IAU) Downgraded by Cibc World Mkts to “Hold”

Cibc World Mkts downgraded shares of i-80 Gold (TSE:IAU) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

A number of other brokerages also recently commented on IAU. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. 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. Finally, Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, i-80 Gold has a consensus rating of “Hold” and an average target price of C$3.90.

i-80 Gold Price Performance

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 firm has a market capitalization of C$296.40 million, a P/E ratio of -2.08 and a beta of 1.79. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.48. The firm has a 50 day moving average price of C$1.29 and a 200-day moving average price of C$1.38.

Insider Activity

In related news, Director Richard Scott Young acquired 195,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. In the last three months, insiders purchased 279,650 shares of company stock worth $180,071. Company insiders own 2.43% of the company’s stock.

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.