FY2024 EPS Estimates for i-80 Gold Decreased by Analyst

i-80 Gold Corp. (NYSE:IAUX) – Research analysts at National Bank Financial cut their FY2024 earnings estimates for i-80 Gold in a research report issued to clients and investors on Wednesday, January 8th. National Bank Financial analyst D. Demarco now anticipates that the company will earn ($0.24) per share for the year, down from their previous estimate of ($0.21). National Bank Financial currently 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.

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

i-80 Gold Price Performance

Shares of IAUX opened at $0.61 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The stock has a 50 day simple moving average of $0.57. i-80 Gold has a 12-month low of $0.34 and a 12-month high of $1.78. The firm has a market cap of $182.43 million, a PE ratio of -1.69 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Rathbones Group PLC acquired a new position in shares of i-80 Gold during the second quarter worth approximately $47,000. Murphy Pohlad Asset Management LLC lifted its holdings 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 worth $59,000 after buying an additional 36,000 shares in the last quarter. Intech Investment Management LLC bought a new position in i-80 Gold in the 3rd quarter valued at $71,000. Creative Planning acquired a new stake in shares of i-80 Gold in the 3rd quarter valued at $119,000. Finally, SG Americas Securities LLC increased its stake in shares of i-80 Gold by 142.7% in the 3rd quarter. SG Americas Securities LLC now owns 104,330 shares of the company’s stock valued at $121,000 after buying an additional 61,337 shares during the period. Institutional investors own 61.31% of the company’s stock.

About i-80 Gold

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.