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 report issued on Thursday,BayStreet.CA reports. The brokerage presently has a C$1.75 price objective on the stock, down from their prior price objective of C$2.25. National Bankshares’ price objective would suggest a potential upside of 118.75% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada lowered 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. 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. National Bank Financial cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Finally, 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$2.55.

i-80 Gold Price Performance

TSE IAU remained flat at C$0.80 during trading hours on Thursday. The company had a trading volume of 97,500 shares, compared to its average volume of 633,013. i-80 Gold has a 52 week low of C$0.47 and a 52 week high of C$2.40. The stock has a 50 day moving average price of C$0.90 and a 200 day moving average price of C$1.26. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. The company has a market capitalization of C$307.95 million, a P/E ratio of -2.05 and a beta of 1.79.

Insider Activity

In other i-80 Gold news, Director Richard Scott Young purchased 195,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of C$0.64 per share, with a total value of C$124,800.00. Insiders bought a total of 285,150 shares of company stock worth $184,581 over 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.