FY2024 Earnings Estimate for i-80 Gold Issued By Scotiabank

i-80 Gold Corp. (TSE:IAU) – Analysts at Scotiabank increased their FY2024 earnings per share (EPS) estimates for shares of i-80 Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of ($0.22) for the year, up from their prior estimate of ($0.23). The consensus estimate for i-80 Gold’s current full-year earnings is $0.03 per share. Scotiabank also issued estimates for i-80 Gold’s FY2025 earnings at ($0.06) EPS and FY2026 earnings at $0.21 EPS.

Several other research analysts have also issued reports on the stock. Stifel Canada lowered shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Ventum Cap Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada reduced their price objective on i-80 Gold from C$3.00 to C$2.00 in a research report on Friday, December 6th. Finally, National Bank Financial raised i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$2.55.

i-80 Gold Stock Performance

i-80 Gold stock opened at C$0.81 on Monday. i-80 Gold has a fifty-two week low of C$0.47 and a fifty-two week high of C$2.40. The stock has a market cap of C$311.80 million, a price-to-earnings ratio of -2.08 and a beta of 1.79. The stock’s 50 day simple moving average is C$0.86 and its two-hundred day simple moving average is C$1.24. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54.

Insider Transactions at i-80 Gold

In related news, Director Richard Scott Young bought 195,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders bought a total of 285,150 shares of company stock valued at $184,581 over the last three months. Corporate insiders own 2.43% of the company’s stock.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.