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

National Bankshares upgraded shares of i-80 Gold (TSE:IAU) from a sector perform rating to an outperform rating in a research note released on Thursday morning,BayStreet.CA reports. They currently have C$1.75 price objective on the stock, down from their previous price objective of C$2.25.

IAU has been the subject of several other reports. Royal Bank of Canada cut their price objective on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. National Bank Financial cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Three investment 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Up 1.2 %

IAU opened at C$0.83 on Thursday. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.40. 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 business’s fifty day moving average is C$0.88 and its two-hundred day moving average is C$1.25. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

Insider Transactions at i-80 Gold

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

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.