i-80 Gold (TSE:IAU) Upgraded to Outperform 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 report report published on Thursday morning,BayStreet.CA reports. They currently have C$1.75 price target on the stock, down from their previous price target of C$2.25.

Several other research analysts have also commented on IAU. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Royal Bank of Canada decreased their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Finally, Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$2.55.

i-80 Gold Stock Performance

Shares of IAU stock opened at C$0.82 on Thursday. 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 stock has a market capitalization of C$315.65 million, a price-to-earnings ratio of -2.10 and a beta of 1.79. i-80 Gold has a one year low of C$0.47 and a one year high of C$2.40. The company’s 50-day simple moving average is C$0.89 and its 200-day simple moving average is C$1.25.

Insider Transactions at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young acquired 195,000 shares of i-80 Gold stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. Over the last quarter, insiders bought 285,150 shares of company stock worth $184,581. 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.