i-80 Gold (TSE:IAU) Rating Increased to Outperform at National Bankshares

National Bankshares upgraded shares of i-80 Gold (TSE:IAU) from a sector perform rating to an outperform rating in a research note published on Thursday,BayStreet.CA reports. The firm currently has C$1.75 target price on the stock, down from their previous target price of C$2.25.

Several other equities analysts also recently issued reports on IAU. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Royal Bank of Canada cut their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Cibc World Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Trading Up 1.2 %

i-80 Gold stock opened at C$0.83 on Thursday. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. i-80 Gold has a 1 year low of C$0.47 and a 1 year high of C$2.40. The firm’s 50-day moving average is C$0.88 and its 200-day moving average is C$1.25. The company has a market cap of C$319.50 million, a P/E ratio of -2.13 and a beta of 1.79.

Insider Activity

In other 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 acquired at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. Over the last quarter, insiders have acquired 285,150 shares of company stock worth $184,581. 2.43% of the stock is owned by corporate insiders.

i-80 Gold Company Profile

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.