Scotiabank Has Strong Estimate for i-80 Gold FY2024 Earnings

i-80 Gold Corp. (NYSE:IAUX) – Investment analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of i-80 Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of ($0.15) 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.

Other research analysts have also recently issued research reports about the stock. Cormark raised shares of i-80 Gold to a “hold” rating in a report on Thursday, November 14th. National Bank Financial raised shares of i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. 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. 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 downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Stock Up 2.6 %

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

Institutional Trading of i-80 Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of i-80 Gold by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock valued at $170,000 after buying an additional 31,315 shares during the period. Murphy Pohlad Asset Management LLC increased its position in i-80 Gold by 240.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company’s stock valued at $59,000 after purchasing an additional 36,000 shares during the period. Rathbones Group PLC acquired a new stake in i-80 Gold during the 2nd quarter valued at approximately $47,000. The Manufacturers Life Insurance Company raised its holdings in i-80 Gold by 63.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,374 shares of the company’s stock worth $135,000 after purchasing an additional 45,101 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of i-80 Gold by 23.8% in the 2nd quarter. Rhumbline Advisers now owns 313,819 shares of the company’s stock worth $339,000 after purchasing an additional 60,343 shares during the period. 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.