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

i-80 Gold (TSE:IAU - Get Free Report) was upgraded by research analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a C$1.75 price target on the stock, down from their prior price target of C$2.25. National Bankshares' price target would suggest a potential upside of 113.41% from the company's previous close.

Several other research analysts also recently commented on IAU. Ventum Cap Mkts downgraded i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Cormark upgraded i-80 Gold to a "hold" rating in a research report on Thursday, November 14th. Royal Bank of Canada dropped their target price on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. National Bank Financial downgraded i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Finally, Cibc World Mkts lowered shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$2.55.

i-80 Gold Price Performance

Shares of TSE:IAU traded up C$0.02 during midday trading on Thursday, hitting C$0.82. The stock had a trading volume of 159,802 shares, compared to its average volume of 643,563. 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 fifty-two week low of C$0.47 and a fifty-two week high of C$2.40. The company has a market capitalization of C$315.65 million, a P/E ratio of -2.10 and a beta of 1.79. The company's 50-day moving average price is C$0.89 and its 200-day moving average price is C$1.25.

Insider Buying and Selling

In other i-80 Gold news, Director Richard Scott Young purchased 195,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was purchased at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. Insiders have purchased a total of 285,150 shares of company stock valued at $184,581 over the last ninety days. 2.43% of the stock is owned by company insiders.

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.