i-80 Gold Corp. (TSE:IAU) Forecasted to Earn FY2024 Earnings of ($0.29) Per Share

i-80 Gold Corp. (TSE:IAU - Free Report) - Stock analysts at National Bank Financial cut their FY2024 EPS estimates for shares of i-80 Gold in a research note issued to investors on Wednesday, October 9th. National Bank Financial analyst D. Demarco now anticipates that the company will earn ($0.29) per share for the year, down from their prior estimate of $0.25. 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 ($0.16) EPS and FY2026 earnings at ($0.11) EPS.

i-80 Gold (TSE:IAU - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported C($0.10) EPS for the quarter. i-80 Gold had a negative return on equity of 19.88% and a negative net margin of 162.25%. The company had revenue of C$9.83 million during the quarter.

Several other brokerages also recently commented on IAU. Stifel Nicolaus lowered their price objective on i-80 Gold from C$4.10 to C$3.90 and set a "buy" rating for the company in a research note on Wednesday, July 3rd. Cibc World Mkts upgraded i-80 Gold to a "strong-buy" rating in a research note on Wednesday, July 10th.

i-80 Gold Stock Up 0.7 %

Shares of i-80 Gold stock traded up C$0.01 during trading hours on Monday, reaching C$1.48. The company's stock had a trading volume of 925,556 shares, compared to its average volume of 862,921. The company has a market capitalization of C$569.71 million, a P/E ratio of -3.79 and a beta of 1.79. The company has a debt-to-equity ratio of 38.47, a quick ratio of 1.57 and a current ratio of 0.54. i-80 Gold has a one year low of C$1.05 and a one year high of C$2.48. The stock's fifty day simple moving average is C$1.42 and its two-hundred day simple moving average is C$1.51.

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.