i-80 Gold (TSE:IAU) Cut to Hold at Cibc World Mkts

i-80 Gold (TSE:IAU) was downgraded by stock analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

IAU has been the subject of a number of other research reports. National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Finally, Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$3.90.

i-80 Gold Price Performance

The company has a fifty day moving average price of C$1.29 and a 200 day moving average price of C$1.38. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.48. 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 market cap of C$296.40 million, a PE ratio of -2.08 and a beta of 1.79.

Insider Buying and Selling at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young purchased 195,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$0.64 per share, with a total value of C$124,800.00. Insiders acquired 279,650 shares of company stock valued at $180,071 in the last 90 days. 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.