FY2024 Earnings Estimate for i-80 Gold Issued By Scotiabank

i-80 Gold Corp. (TSE:IAU - Free Report) - Scotiabank raised their FY2024 earnings per share estimates for i-80 Gold in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will earn ($0.22) per share 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.

Several other equities analysts have also recently commented on IAU. Royal Bank of Canada reduced their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Cormark upgraded shares of i-80 Gold to a "hold" rating in a research report on Thursday, November 14th. Ventum Cap Mkts downgraded i-80 Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Stifel Canada cut i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th. Finally, National Bank Financial raised i-80 Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$2.55.

i-80 Gold Stock Up 1.2 %

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

Insider Buying and Selling

In other i-80 Gold news, Director Richard Scott Young acquired 195,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average cost of C$0.64 per share, for a total transaction of C$124,800.00. Over the last ninety days, insiders purchased 285,150 shares of company stock worth $184,581. Corporate insiders own 2.43% of the company's stock.

i-80 Gold Company Profile

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.