i-80 Gold (TSE:IAU) Rating Increased 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 sent to investors on Thursday morning,BayStreet.CA reports. National Bankshares currently has C$1.75 price objective on the stock, down from their previous price objective of C$2.25.

Several other analysts have also commented on the stock. National Bank Financial lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Cibc World Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, Stifel Canada lowered shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$2.55.

i-80 Gold Price Performance

Shares of i-80 Gold stock opened at C$0.82 on Thursday. i-80 Gold has a 52 week low of C$0.47 and a 52 week high of C$2.40. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47. The stock has a market cap of C$315.65 million, a PE ratio of -2.10 and a beta of 1.79. The company’s 50-day moving average price is C$0.89 and its two-hundred day moving average price is C$1.25.

Insider Transactions at i-80 Gold

In related news, Director Richard Scott Young purchased 195,000 shares of i-80 Gold stock in a transaction on Tuesday, November 19th. The stock was bought at an average price 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 three months. 2.43% of the stock is owned by corporate 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.