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

National Bank Financial upgraded shares of i-80 Gold (TSE:IAU) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada reduced their price objective on i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. National Bankshares upgraded i-80 Gold from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from C$2.25 to C$1.75 in a research report on Thursday. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Finally, Cormark raised shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Performance

TSE IAU opened at C$0.82 on Wednesday. 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 has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. The firm has a 50-day moving average of C$0.89 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.

Insider Activity

In other news, Director Richard Scott Young bought 195,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. In the last three months, insiders purchased 285,150 shares of company stock worth $184,581. 2.43% of the stock is currently 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.