What is Scotiabank's Forecast for i-80 Gold FY2024 Earnings?

i-80 Gold Corp. (NYSE:IAUX - Free Report) - Stock analysts at Scotiabank upped their FY2024 earnings per share estimates for i-80 Gold in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn ($0.15) per share for the year, up from their previous estimate of ($0.17). The consensus estimate for i-80 Gold's current full-year earnings is ($0.16) per share. Scotiabank also issued estimates for i-80 Gold's FY2025 earnings at ($0.04) EPS and FY2026 earnings at $0.15 EPS.

Other equities research analysts have also recently issued reports about the company. Ventum Cap Mkts cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. National Bank Financial raised shares of i-80 Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Cormark upgraded shares of i-80 Gold to a "hold" rating in a research note on Thursday, November 14th. Cibc World Mkts cut shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, December 2nd. Finally, Stifel Canada cut i-80 Gold from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 30th. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $3.50.

i-80 Gold Price Performance

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rathbones Group PLC purchased a new stake in shares of i-80 Gold in the second quarter worth $47,000. Murphy Pohlad Asset Management LLC raised its holdings in shares of i-80 Gold by 240.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 51,000 shares of the company's stock valued at $59,000 after acquiring an additional 36,000 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of i-80 Gold during the 3rd quarter valued at about $71,000. Creative Planning purchased a new position in shares of i-80 Gold during the third quarter worth about $119,000. Finally, SG Americas Securities LLC increased its position in shares of i-80 Gold by 142.7% in the third quarter. SG Americas Securities LLC now owns 104,330 shares of the company's stock worth $121,000 after purchasing an additional 61,337 shares during the last quarter. 61.31% of the stock is owned by institutional investors.

About i-80 Gold

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.