i-80 Gold (TSE:IAU) Upgraded by National Bank Financial to Strong-Buy Rating

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

Other equities analysts have also recently issued reports about the stock. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Cormark raised i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada lowered their target price on i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Finally, National Bankshares upgraded i-80 Gold from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$2.25 to C$1.75 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$2.55.

i-80 Gold Stock Performance

i-80 Gold stock opened at C$0.82 on Wednesday. The stock has a market cap of C$315.65 million, a PE ratio of -2.10 and a beta of 1.79. The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.40. The business’s 50-day moving average price is C$0.89 and its two-hundred day moving average price is C$1.25.

Insider Activity at i-80 Gold

In related news, Director Richard Scott Young purchased 195,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of C$0.64 per share, with a total value of C$124,800.00. Insiders purchased 285,150 shares of company stock worth $184,581 over the last three months. 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.