i-80 Gold Corp. (TSE:IAU – Free Report) – Equities research analysts at National Bank Financial reduced their FY2024 earnings estimates for i-80 Gold in a research note issued to investors on Wednesday, January 8th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of ($0.35) per share for the year, down from their prior forecast of ($0.29). National Bank Financial currently 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.
Other equities analysts have also recently issued reports about the stock. Cormark raised 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. Royal Bank of Canada decreased their price target on i-80 Gold from C$3.00 to C$2.00 in a research note on Friday, December 6th. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 30th. Three equities 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, i-80 Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.55.
i-80 Gold Trading Down 2.4 %
Shares of IAU stock opened at C$0.81 on Monday. i-80 Gold has a 1-year low of C$0.47 and a 1-year high of C$2.40. The company has a debt-to-equity ratio of 38.47, a current ratio of 0.54 and a quick ratio of 1.57. The business’s fifty day moving average price is C$0.86 and its 200 day moving average price is C$1.24. The firm has a market capitalization of C$311.80 million, a PE ratio of -2.08 and a beta of 1.79.
Insider Buying and Selling
In related news, Director Richard Scott Young purchased 195,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders purchased 285,150 shares of company stock worth $184,581 in the last ninety days. Insiders own 2.43% of the company’s stock.
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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