i-80 Gold Corp. (NYSEAMERICAN:IAUX) Expected to Earn FY2024 Earnings of $0.18 Per Share

i-80 Gold Corp. (NYSEAMERICAN:IAUX) – Analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for shares of i-80 Gold in a research report issued 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.

Separately, CIBC reduced their target price on shares of i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating for the company in a report on Tuesday, April 9th.

i-80 Gold Stock Down 2.0 %

IAUX stock opened at $1.21 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. i-80 Gold has a 12-month low of $1.15 and a 12-month high of $2.60. The company has a market capitalization of $362.22 million, a P/E ratio of -5.24 and a beta of 1.49.

i-80 Gold (NYSEAMERICAN:IAUX) last announced its quarterly earnings data 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). i-80 Gold had a negative net margin of 118.74% and a negative return on equity of 20.98%. The company had revenue of $25.84 million for the quarter.

Hedge Funds Weigh In On i-80 Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC purchased a new position in i-80 Gold during the third quarter worth about $36,000. ARS Wealth Advisors Group LLC raised its position in shares of i-80 Gold by 115.6% during the 3rd quarter. ARS Wealth Advisors Group LLC now owns 24,359 shares of the company’s stock valued at $37,000 after buying an additional 13,059 shares during the period. Wealthsource Partners LLC purchased a new position in i-80 Gold in the fourth quarter worth approximately $40,000. Norden Group LLC acquired a new stake in i-80 Gold during the first quarter worth $43,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in i-80 Gold in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 61.31% 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.