FY2024 Earnings Forecast for i-80 Gold Issued By Scotiabank

i-80 Gold Corp. (TSE:IAU) – Equities research analysts at Scotiabank upped their FY2024 earnings per share estimates for i-80 Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of ($0.22) for the year, up from their previous forecast 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.

IAU has been the topic of several other reports. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. National Bankshares upgraded shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$2.25 to C$1.75 in a report on Thursday. Cibc World Mkts cut i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price objective on i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, i-80 Gold has a consensus rating of “Moderate Buy” and an average price target of C$2.55.

i-80 Gold Stock Up 1.2 %

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

Insider Buying and Selling at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of i-80 Gold 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 purchased 285,150 shares of company stock worth $184,581 over the last 90 days. Corporate 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.