i-80 Gold downgraded to Speculative Buy from Buy at Stifel

Stifel analyst Stephen Soock downgraded i-80 Gold (IAUX) to Speculative Buy from Buy with a price target of C$2, down from C$4, as the firm updated its expected construction timelines in line with the company’s guidance following the release of the company’s new go-forward plan and Q3 financials. With projects “largely pushed out to the right,” the biggest risk to this new plan is the outside capital required over the next 12 months, the analyst tells investors.