i-80 Gold (TSE:IAU) Upgraded at National Bank Financial

National Bank Financial upgraded shares of i-80 Gold (TSE:IAU) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

IAU has been the subject of a number of other research reports. Royal Bank of Canada dropped their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. National Bankshares raised shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from C$2.25 to C$1.75 in a research note on Thursday. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Finally, Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$2.55.

i-80 Gold Stock Performance

Shares of i-80 Gold stock opened at C$0.83 on Wednesday. The business’s 50 day moving average price is C$0.88 and its 200 day moving average price is C$1.25. The company has a market cap of C$319.50 million, a price-to-earnings ratio of -2.13 and a beta of 1.79. 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 one year low of C$0.47 and a one year high of C$2.40.

Insider Buying and Selling

In other news, Director Richard Scott Young bought 195,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of C$0.64 per share, with a total value of C$124,800.00. In the last quarter, insiders purchased 285,150 shares of company stock valued at $184,581. Company insiders own 2.43% of the company’s stock.

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.