i-80 Gold upgraded to Outperform from Sector Perform at National Bank

National Bank upgraded i-80 Gold (IAUX) to Outperform from Sector Perform with a price target of C$1.75, down from C$2.25. The firm is citing the stock’s recent underperformance driving an “improved valuation”. National Bank adds that the multiple catalysts teed up in Q1 are expected to de-risk the valuation, noting that the new management team is now “solidly in place” and advancing their re-capitalization and development plans.