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

i-80 Gold (TSE:IAU) was upgraded by research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Thursday,BayStreet.CA reports. The firm presently has a C$1.75 price objective on the stock, down from their prior price objective of C$2.25. National Bankshares’ target price would indicate a potential upside of 118.75% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research 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 research report on Friday, December 6th. Cibc World Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research note 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$2.55.

i-80 Gold Stock Performance

IAU remained flat at C$0.80 during trading on Thursday. The company’s stock had a trading volume of 97,500 shares, compared to its average volume of 633,013. 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 50-day moving average price of C$0.90 and a 200 day moving average price of C$1.26. The firm has a market capitalization of C$307.95 million, a price-to-earnings ratio of -2.05 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.

Insider Activity at i-80 Gold

In related news, Director Richard Scott Young acquired 195,000 shares of i-80 Gold stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Insiders have bought a total of 285,150 shares of company stock valued at $184,581 in 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.