What is Scotiabank’s Estimate for i-80 Gold FY2024 Earnings?

i-80 Gold Corp. (NYSE:IAUX) – Research analysts at Scotiabank raised their FY2024 earnings per share estimates for i-80 Gold in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn ($0.15) per share for the year, up from their previous estimate of ($0.17). The consensus estimate for i-80 Gold’s current full-year earnings is ($0.16) per share. Scotiabank also issued estimates for i-80 Gold’s FY2025 earnings at ($0.04) EPS and FY2026 earnings at $0.15 EPS.

A number of other brokerages have also recently issued reports on IAUX. Stifel Canada cut shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Cormark upgraded shares of i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. National Bank Financial upgraded shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Stock Up 0.8 %

NYSE:IAUX opened at $0.57 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. i-80 Gold has a fifty-two week low of $0.34 and a fifty-two week high of $1.78. The stock’s fifty day moving average is $0.57. The firm has a market cap of $171.64 million, a PE ratio of -1.59 and a beta of 1.25.

Institutional Investors Weigh In On i-80 Gold

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC raised its position in shares of i-80 Gold by 66.1% in the third quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock valued at $22,996,000 after buying an additional 7,889,867 shares during the last quarter. General American Investors Co. Inc. acquired a new stake in shares of i-80 Gold during the third quarter worth $3,092,000. Van ECK Associates Corp grew its position in shares of i-80 Gold by 16.3% in the third quarter. Van ECK Associates Corp now owns 15,120,732 shares of the company’s stock valued at $17,086,000 after purchasing an additional 2,121,050 shares during the period. Renaissance Technologies LLC acquired a new position in i-80 Gold in the second quarter valued at $1,401,000. Finally, Geode Capital Management LLC lifted its position in i-80 Gold by 22.9% during the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock worth $4,377,000 after buying an additional 702,326 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

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.