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

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

A number of other equities analysts have also recently weighed in on IAU. Ventum Cap Mkts cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. National Bankshares upgraded i-80 Gold from a "sector perform" rating to an "outperform" rating and cut their price objective for the stock from C$2.25 to C$1.75 in a research report on Thursday. Royal Bank of Canada reduced 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 report on Monday, December 2nd. Finally, Stifel Canada lowered shares of i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, December 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$2.55.

i-80 Gold Stock Performance

Shares of TSE IAU traded up C$0.01 during trading on Wednesday, reaching C$0.83. 254,108 shares of the stock traded hands, compared to its average volume of 587,927. The stock has a market capitalization of C$319.50 million, a P/E ratio of -2.13 and a beta of 1.79. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. The company has a 50-day moving average of C$0.88 and a 200-day moving average of C$1.25. i-80 Gold has a 52-week low of C$0.47 and a 52-week high of C$2.40.

Insiders Place Their Bets

In other news, Director Richard Scott Young purchased 195,000 shares of the firm's stock in a transaction 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 have acquired a total of 285,150 shares of company stock worth $184,581 over the last quarter. 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.