i-80 Gold FY2024 EPS Decreased by National Bank Financial

i-80 Gold Corp. (NYSE:IAUX) – National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of i-80 Gold in a report released on Wednesday, January 8th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of ($0.24) per share for the year, down from their prior forecast of ($0.21). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for i-80 Gold’s current full-year earnings is ($0.16) per share.

A number of other research firms also recently issued reports on IAUX. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. 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. 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 analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, i-80 Gold currently has an average rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Price Performance

IAUX stock opened at $0.57 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $170.29 million, a P/E ratio of -1.57 and a beta of 1.25. The business has a 50-day moving average of $0.57. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.78.

Institutional Investors Weigh In On i-80 Gold

A number of institutional investors have recently modified their holdings of IAUX. JPMorgan Chase & Co. lifted its holdings in i-80 Gold by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock valued at $170,000 after purchasing an additional 31,315 shares in the last quarter. Tidal Investments LLC increased its holdings 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 purchasing an additional 7,889,867 shares during the last quarter. Barclays PLC raised its holdings in shares of i-80 Gold by 117.0% during the 3rd quarter. Barclays PLC now owns 604,069 shares of the company’s stock worth $701,000 after acquiring an additional 325,664 shares during the period. Geode Capital Management LLC raised its stake 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 purchasing an additional 702,326 shares during the period. Finally, XTX Topco Ltd acquired a new position in i-80 Gold in the third quarter valued at approximately $198,000. 61.31% of the stock is currently owned by institutional investors and hedge funds.

i-80 Gold Company Profile

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.