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

i-80 Gold (TSE:IAU) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Thursday,BayStreet.CA reports. The firm currently has a C$1.75 price objective on the stock, down from their prior price objective of C$2.25. National Bankshares’ target price suggests a potential upside of 110.84% from the company’s previous close.

IAU has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark upgraded i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Finally, National Bank Financial lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. Three 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.55.

i-80 Gold Price Performance

Shares of IAU opened at C$0.83 on Thursday. The firm has a market capitalization of C$319.50 million, a price-to-earnings ratio of -2.13 and a beta of 1.79. The stock’s fifty day moving average is C$0.88 and its 200-day moving average is C$1.25. 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 debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

Insider Buying and Selling at i-80 Gold

In other news, Director Richard Scott Young bought 195,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders bought 285,150 shares of company stock worth $184,581 over the last ninety days. 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.