National Bankshares Increases i-80 Gold (TSE:IAU) Price Target to C$5.50
i-80 Gold (TSE:IAU – Get Rating ) had its price objective raised by stock analysts at National Bankshares from $4.25 to $5.50 in a note issued to investors on Friday, BayStreet reports. CA. The brokerage currently has an “outperform” rating on the stock. National Bank’s stock price target indicates a potential upside of 46.67% from the company’s current price.
Separately, National Bank Financial restated an “overweight” rating on shares of i-80 Gold in a report on Wednesday, November 16th.
i-80 gold trading rose 0.5%
Shares of i-80 Gold traded up C$0.02 during midday trading on Friday, hitting $3.75. 1,385,375 shares of the stock traded hands, compared to its average volume of 1,175,111. The business has a 50-day simple moving average of C$3.73. i-80 Gold has a 12-month low of $1.97 and a 12-month high of $4.22. The firm has a market capitalization of $901.38 million and a price-to-earnings ratio of 4.22. The company has a debt-to-equity ratio of 28.97, a quick ratio of 1.57, and a current ratio of 2.26.
About i-80 Gold (Get Rating)
i-80 Gold Corp., a mining company, engages in the exploration, development and production of gold and silver mineral deposits in the United States. It has a 100% interest in the Lone Tree property covering approximately 12,000 acres located in Battle Mountain-Eureka, Northern Nevada; The Ruby Hill property located on the Battle Mountain Trend, Northern Nevada; The McCoy-Cove Project covering 31,000 acres located on the Battle Mountain Trend, Nevada; and the Buffalo Mountain property located on the Battle Mountain Trend, Northern Nevada as well as controls the Granite Creek Project located on the Getchell Trend, Northern Nevada.
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