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

i-80 Gold (TSE:IAU) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada decreased their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Cormark upgraded i-80 Gold to a “hold” rating in a report on Thursday, November 14th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Three research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Up 2.5 %

Shares of TSE:IAU opened at C$0.82 on Wednesday. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.40. The firm’s 50 day moving average price is C$0.89 and its 200 day moving average price is C$1.25. The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47. The stock has a market cap of C$315.65 million, a price-to-earnings ratio of -2.10 and a beta of 1.79.

Insider Activity at i-80 Gold

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