Brokers Set Expectations for i-80 Gold Corp.’s FY2024 Earnings (NYSEAMERICAN:IAUX)
i-80 Gold Corp. (NYSEAMERICAN:IAUX – Free Report) – Analysts at National Bank Financial issued their FY2024 EPS estimates for shares of i-80 Gold in a research note issued to investors on Wednesday, May 1st. National Bank Financial analyst D. Demarco anticipates that the company will post earnings per share of $0.18 for the year. The consensus estimate for i-80 Gold’s current full-year earnings is $0.18 per share. National Bank Financial also issued estimates for i-80 Gold’s FY2025 earnings at $0.38 EPS and FY2026 earnings at $0.34 EPS.
i-80 Gold (NYSEAMERICAN:IAUX – Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $25.84 million for the quarter. i-80 Gold had a negative net margin of 118.74% and a negative return on equity of 20.98%.
Separately, CIBC reduced their price objective on shares of i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating for the company in a research note on Tuesday, April 9th.
Read Our Latest Analysis on IAUX
i-80 Gold Stock Performance
NYSEAMERICAN:IAUX opened at $1.23 on Monday. The stock has a market cap of $369.74 million, a price-to-earnings ratio of -5.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.47. i-80 Gold has a fifty-two week low of $1.15 and a fifty-two week high of $2.64.
Institutional Trading of i-80 Gold
A number of large investors have recently made changes to their positions in the stock. Catalina Capital Group LLC grew its stake in shares of i-80 Gold by 265.7% in the first quarter. Catalina Capital Group LLC now owns 44,145 shares of the company’s stock worth $59,000 after acquiring an additional 32,075 shares during the period. Simplicity Wealth LLC bought a new stake in i-80 Gold during the first quarter valued at approximately $153,000. Norden Group LLC bought a new stake in i-80 Gold during the first quarter valued at approximately $43,000. Aristides Capital LLC bought a new stake in i-80 Gold during the fourth quarter valued at approximately $283,000. Finally, Tower Research Capital LLC TRC grew its position in i-80 Gold by 351.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 36,373 shares of the company’s stock valued at $64,000 after buying an additional 28,314 shares during the period. 61.31% of the stock is currently owned by institutional investors.
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.
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