The Globe and Mail reports in its Tuesday, Dec. 3, edition that while CIBC World Markets analyst Bryce Adams continues to see upside to I-80 Gold's stock, he lowered his recommendation for I-80 Gold to "neutral" from "outperformer" after a rebound following an initial negative reaction to its new strategy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Adams slashed his share target by $2.50 to $1.30. Analysts on average target the shares at $2.99. Mr. Adams says in a note: "In mid November, new management of I-80 Gold announced a new strategy that included a focus on gold assets, deferring base metals potential at Ruby Hill and the Lone Tree autoclave refurbishment, as well as building out five mining assets within this decade. The stock traded poorly on this update, and in our first look publication we noted that, in our view, a simpler strategy could have been better received by the market. After the initial negative market reaction, the stock has partially rebound. We see upside in the stock and our new price target has a strong return to target, but our new downside scenario is $0 and largely depends on the company's ability to refinance its capital structure."