FY2024 EPS Estimates for i-80 Gold Corp. (NYSEAMERICAN:IAUX) Decreased by National Bank Financial

i-80 Gold Corp. (NYSEAMERICAN:IAUX) – Equities researchers at National Bank Financial cut their FY2024 EPS estimates for i-80 Gold in a research report issued on Wednesday, October 9th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of ($0.21) for the year, down from their previous forecast of $0.18. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for i-80 Gold’s current full-year earnings is ($0.03) per share. National Bank Financial also issued estimates for i-80 Gold’s FY2025 earnings at ($0.12) EPS and FY2026 earnings at ($0.08) EPS.

Separately, CIBC reduced their target price on shares of i-80 Gold from $4.25 to $3.50 and set an “outperformer” rating on the stock in a research report on Wednesday, July 10th.

i-80 Gold Stock Up 0.9 %

Shares of NYSEAMERICAN:IAUX opened at $1.07 on Monday. The company has a market cap of $321.64 million, a PE ratio of -3.96 and a beta of 1.43. i-80 Gold has a one year low of $0.76 and a one year high of $1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.44 and a current ratio of 0.54.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its earnings results on Monday, August 12th. The company reported ($0.07) EPS for the quarter. The company had revenue of $7.18 million for the quarter. i-80 Gold had a negative return on equity of 21.06% and a negative net margin of 162.24%.

Hedge Funds Weigh In On i-80 Gold

Institutional investors have recently bought and sold shares of the business. Norden Group LLC purchased a new position in i-80 Gold in the first quarter worth $43,000. SG Americas Securities LLC lifted its stake in shares of i-80 Gold by 271.7% during the second quarter. SG Americas Securities LLC now owns 42,993 shares of the company’s stock worth $46,000 after buying an additional 31,425 shares during the period. Rathbones Group PLC acquired a new stake in shares of i-80 Gold during the second quarter worth $47,000. Catalina Capital Group LLC lifted its stake in shares of i-80 Gold by 265.7% during the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after buying an additional 32,075 shares during the period. Finally, HTLF Bank lifted its stake in shares of i-80 Gold by 33.3% during the second quarter. HTLF Bank now owns 60,000 shares of the company’s stock worth $65,000 after buying an additional 15,000 shares during the period. 61.31% of the stock is owned by hedge funds and other institutional investors.

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.