National Bank Financial Predicts i-80 Gold FY2024 Earnings

i-80 Gold Corp. (NYSE:IAUX) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of i-80 Gold in a report issued 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 previous estimate 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.

Several other research analysts also recently commented on IAUX. Stifel Canada downgraded shares of i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Ventum Cap Mkts lowered i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.50.

i-80 Gold Stock Up 0.8 %

NYSE:IAUX opened at $0.57 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The company has a 50 day moving average price of $0.57. The company has a market capitalization of $171.64 million, a price-to-earnings ratio of -1.59 and a beta of 1.25. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.78.

Institutional Trading of i-80 Gold

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in i-80 Gold by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 146,953 shares of the company’s stock worth $170,000 after purchasing an additional 31,315 shares during the period. Tidal Investments LLC lifted its holdings in shares of i-80 Gold by 66.1% during the 3rd quarter. Tidal Investments LLC now owns 19,823,761 shares of the company’s stock worth $22,996,000 after acquiring an additional 7,889,867 shares during the period. Barclays PLC boosted its position 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 valued at $701,000 after acquiring an additional 325,664 shares in the last quarter. Geode Capital Management LLC increased its stake in i-80 Gold by 22.9% in the third quarter. Geode Capital Management LLC now owns 3,773,197 shares of the company’s stock valued at $4,377,000 after acquiring an additional 702,326 shares during the period. Finally, XTX Topco Ltd acquired a new position in i-80 Gold in the third quarter worth about $198,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

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.