i-80 Gold (TSE:IAU) Rating Lowered to “Moderate Buy” at Stifel Canada

Stifel Canada cut shares of i-80 Gold (TSE:IAU) from a strong-buy rating to a moderate buy rating in a research note issued to investors on Monday,Zacks.com reports.

IAU has been the subject of a number of other reports. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Royal Bank of Canada cut their target price on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. National Bank Financial downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, i-80 Gold currently has an average rating of “Hold” and an average price target of C$2.95.

i-80 Gold Stock Performance

Shares of IAU opened at C$0.69 on Monday. The business has a 50-day simple moving average of C$0.99 and a two-hundred day simple moving average of C$1.28. The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47. i-80 Gold has a 52 week low of C$0.47 and a 52 week high of C$2.40. The stock has a market cap of C$265.61 million, a price-to-earnings ratio of -1.77 and a beta of 1.79.

Insider Buying and Selling at i-80 Gold

In other news, Director Richard Scott Young purchased 195,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Over the last ninety days, insiders bought 285,150 shares of company stock valued at $184,581. 2.43% of the stock is currently owned by insiders.

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.