Brokers Offer Predictions for i-80 Gold FY2024 Earnings

i-80 Gold Corp. (TSE:IAU) – Equities researchers at National Bank Financial cut their FY2024 earnings per share estimates for shares of i-80 Gold in a report released on Wednesday, January 8th. National Bank Financial analyst D. Demarco now forecasts that the company will earn ($0.35) per share for the year, down from their prior estimate of ($0.29). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for i-80 Gold’s current full-year earnings is $0.03 per share.

IAU has been the topic of a number of other reports. Royal Bank of Canada reduced their target price on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Ventum Cap Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. National Bankshares raised i-80 Gold from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from C$2.25 to C$1.75 in a research report on Thursday. Cormark raised shares of i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Up 1.2 %

Shares of IAU opened at C$0.83 on Monday. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47. The company has a market capitalization of C$319.50 million, a PE ratio of -2.13 and a beta of 1.79. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.40. The business’s 50 day moving average is C$0.88 and its 200 day moving average is C$1.25.

Insider Transactions at i-80 Gold

In other news, Director Richard Scott Young acquired 195,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders have purchased a total of 285,150 shares of company stock worth $184,581 in the last quarter. Company insiders own 2.43% of the company’s stock.

About i-80 Gold

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.