i-80 Gold (TSE:IAU) Stock Rating Upgraded by National Bankshares

i-80 Gold (TSE:IAU) was upgraded by National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a C$1.75 price objective on the stock, down from their previous price objective of C$2.25. National Bankshares’ price objective would indicate a potential upside of 110.84% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. National Bank Financial downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada decreased their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$2.55.

i-80 Gold Price Performance

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

Insider Transactions at i-80 Gold

In related news, Director Richard Scott Young acquired 195,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. In the last ninety days, insiders have purchased 285,150 shares of company stock worth $184,581. 2.43% of the stock is currently owned by company 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.