FY2024 EPS Estimates for i-80 Gold Lowered by Analyst

i-80 Gold Corp. (TSE:IAU) – Equities research analysts at National Bank Financial cut their FY2024 earnings per share estimates for shares of i-80 Gold in a report released on Wednesday, January 8th. National Bank Financial analyst D. Demarco now anticipates that the company will earn ($0.35) per share for the year, down from their prior estimate of ($0.29). National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for i-80 Gold’s current full-year earnings is $0.03 per share.

A number of other brokerages have also commented on IAU. Royal Bank of Canada decreased their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Ventum Cap Mkts lowered shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Cibc World Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 2nd. Stifel Canada lowered i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Finally, National Bankshares raised shares of i-80 Gold from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from C$2.25 to C$1.75 in a report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Trading Up 6.2 %

TSE IAU opened at C$0.86 on Monday. i-80 Gold has a 52 week low of C$0.47 and a 52 week high of C$2.40. The business has a 50 day moving average price of C$0.85 and a 200-day moving average price of C$1.24. The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47. The company has a market cap of C$331.05 million, a price-to-earnings ratio of -2.21 and a beta of 1.79.

Insider Transactions at i-80 Gold

In other news, Director Richard Scott Young purchased 195,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$0.64 per share, with a total value of C$124,800.00. Insiders have acquired 285,150 shares of company stock worth $184,581 in the last ninety days. Company insiders own 2.43% of the company’s stock.

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.