i-80 Gold (TSE:IAU) Raised to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of i-80 Gold (TSE:IAU) to a strong-buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

Separately, Stifel Nicolaus reduced their price objective 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 note on Wednesday, July 3rd.

i-80 Gold Trading Up 1.9 %

Shares of TSE:IAU opened at C$1.58 on Wednesday. The firm has a fifty day moving average of C$1.51 and a two-hundred day moving average of C$1.77. The firm has a market capitalization of C$608.14 million, a P/E ratio of -4.79 and a beta of 1.89. i-80 Gold has a 12-month low of C$1.32 and a 12-month high of C$3.04. The company has a quick ratio of 1.57, a current ratio of 0.30 and a debt-to-equity ratio of 43.59.

i-80 Gold (TSE:IAU) last issued its earnings results on Monday, May 13th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.04). The company had revenue of C$11.34 million for the quarter. i-80 Gold had a negative net margin of 115.35% and a negative return on equity of 17.16%. On average, equities analysts expect that i-80 Gold will post 0.0264607 EPS for the current fiscal 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.