FY2024 EPS Estimates for i-80 Gold Lowered by Analyst

i-80 Gold Corp. (NYSE:IAUX) – Research analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of i-80 Gold in a research report issued to clients and investors on Wednesday, January 8th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of ($0.24) for the year, down from their prior estimate of ($0.21). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for i-80 Gold’s current full-year earnings is ($0.16) per share.

A number of other brokerages also recently commented on IAUX. Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Canada cut i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Finally, Cormark raised i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.50.

i-80 Gold Price Performance

Shares of NYSE IAUX opened at $0.61 on Monday. The business’s fifty day moving average is $0.57. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.78. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $182.43 million, a P/E ratio of -1.69 and a beta of 1.25.

Institutional Trading of i-80 Gold

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in i-80 Gold by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock valued at $170,000 after purchasing an additional 31,315 shares in the last quarter. Murphy Pohlad Asset Management LLC grew its stake in i-80 Gold by 240.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after purchasing an additional 36,000 shares in the last quarter. Rathbones Group PLC purchased a new stake in i-80 Gold during the 2nd quarter worth approximately $47,000. The Manufacturers Life Insurance Company raised its position in shares of i-80 Gold by 63.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,374 shares of the company’s stock valued at $135,000 after purchasing an additional 45,101 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of i-80 Gold by 23.8% during the 2nd quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock valued at $339,000 after buying an additional 60,343 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

i-80 Gold Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.