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

i-80 Gold Corp. (NYSEAMERICAN:IAUX - Free Report) - Stock 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, October 9th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of ($0.21) for the year, down from their previous estimate of $0.18. National Bank Financial currently 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.

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

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

i-80 Gold Stock Up 3.3 %

Shares of NYSEAMERICAN IAUX traded up $0.03 on Monday, hitting $1.11. The company's stock had a trading volume of 1,965,699 shares, compared to its average volume of 3,847,022. i-80 Gold has a 12-month low of $0.76 and a 12-month high of $1.88. The company has a market capitalization of $332.16 million, a PE ratio of -4.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.54 and a quick ratio of 0.44.

Institutional Investors Weigh In On i-80 Gold

A number of institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in i-80 Gold in the 1st quarter worth approximately $10,746,000. Van ECK Associates Corp boosted its stake in shares of i-80 Gold by 23.3% during the 2nd quarter. Van ECK Associates Corp now owns 12,999,682 shares of the company's stock worth $14,040,000 after buying an additional 2,459,920 shares during the last quarter. NewGen Asset Management Ltd acquired a new position in shares of i-80 Gold during the 2nd quarter worth about $1,803,000. Renaissance Technologies LLC bought a new stake in shares of i-80 Gold in the 2nd quarter valued at about $1,401,000. Finally, TD Asset Management Inc raised its holdings in shares of i-80 Gold by 119.8% in the 2nd quarter. TD Asset Management Inc now owns 428,724 shares of the company's stock valued at $451,000 after purchasing an additional 233,677 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

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.