National Bank Financial Forecasts i-80 Gold FY2024 Earnings

i-80 Gold Corp. (NYSE:IAUX - Free Report) - Investment analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of i-80 Gold in a research report issued to clients and investors on Wednesday, January 8th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of ($0.24) per share for the year, down from their prior forecast of ($0.21). National Bank Financial currently 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.

A number of other equities analysts also recently weighed in on IAUX. Cibc World Mkts downgraded shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, December 2nd. Stifel Canada downgraded shares of i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th. Cormark upgraded shares of i-80 Gold to a "hold" rating in a research note on Thursday, November 14th. Finally, Ventum Cap Mkts downgraded i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.50.

i-80 Gold Trading Up 2.6 %

IAUX stock opened at $0.57 on Monday. The stock has a market capitalization of $170.29 million, a PE ratio of -1.57 and a beta of 1.25. 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 stock has a fifty day simple moving average of $0.57. i-80 Gold has a 1-year low of $0.34 and a 1-year high of $1.78.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IAUX. Bank of New York Mellon Corp grew its holdings in shares of i-80 Gold by 42.6% during the second quarter. Bank of New York Mellon Corp now owns 763,663 shares of the company's stock worth $825,000 after purchasing an additional 228,017 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of i-80 Gold by 23.8% during the 2nd quarter. Rhumbline Advisers now owns 313,819 shares of the company's stock worth $339,000 after acquiring an additional 60,343 shares during the last quarter. TD Asset Management Inc grew its position in i-80 Gold by 119.8% in the second quarter. TD Asset Management Inc now owns 428,724 shares of the company's stock worth $451,000 after acquiring an additional 233,677 shares in the last quarter. Rathbones Group PLC bought a new position in i-80 Gold in the second quarter valued at $47,000. Finally, Renaissance Technologies LLC purchased a new stake in i-80 Gold during the second quarter valued at about $1,401,000. Institutional investors 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.