FY2024 EPS Estimates for i-80 Gold Reduced by Analyst

i-80 Gold Corp. (NYSE:IAUX) – Research analysts at National Bank Financial decreased their FY2024 earnings per share estimates for i-80 Gold in a research report issued 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 prior 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.

Several other research analysts have also recently issued reports on the company. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Cormark upgraded i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Three equities research 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Stock Performance

Shares of IAUX opened at $0.57 on Monday. i-80 Gold has a 1 year low of $0.34 and a 1 year high of $1.78. The firm has a 50-day moving average of $0.57. The stock has a market cap of $170.29 million, a PE ratio of -1.57 and a beta of 1.25. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On i-80 Gold

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in i-80 Gold by 42.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 763,663 shares of the company’s stock worth $825,000 after acquiring an additional 228,017 shares during the period. Rhumbline Advisers raised its position in i-80 Gold by 23.8% in the second quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock valued at $339,000 after purchasing an additional 60,343 shares during the period. TD Asset Management Inc lifted its position in i-80 Gold by 119.8% during the 2nd quarter. TD Asset Management Inc now owns 428,724 shares of the company’s stock worth $451,000 after acquiring an additional 233,677 shares in the last quarter. Rathbones Group PLC purchased a new position in shares of i-80 Gold in the second quarter valued at $47,000. Finally, Renaissance Technologies LLC purchased a new position in i-80 Gold in the 2nd quarter valued at about $1,401,000. Hedge funds and other 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.