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

i-80 Gold (TSE:IAU) was upgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. National Bankshares upgraded i-80 Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from C$2.25 to C$1.75 in a research note on Thursday. Royal Bank of Canada dropped their price target on i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Finally, Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$2.55.

i-80 Gold Price Performance

Shares of TSE IAU opened at C$0.82 on Wednesday. The company has a market capitalization 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 twelve month low of C$0.47 and a twelve month high of C$2.40. The firm has a fifty day simple moving average of C$0.89 and a 200 day simple moving average of C$1.25.

Insider Buying and Selling at i-80 Gold

In other news, Director Richard Scott Young bought 195,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Insiders have acquired a total of 285,150 shares of company stock valued at $184,581 in the last 90 days. Corporate 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.