National Bank Financial Comments on i-80 Gold Corp.’s FY2024 Earnings (NYSEAMERICAN:IAUX)

i-80 Gold Corp. (NYSEAMERICAN:IAUX) – Equities research analysts at National Bank Financial issued their FY2024 earnings estimates for shares of i-80 Gold in a research report issued to clients and investors on Wednesday, May 1st. National Bank Financial analyst D. Demarco forecasts that the company will earn $0.18 per share 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 dropped their price target on shares of i-80 Gold from $5.00 to $4.25 and set an “outperformer” rating on the stock in a research note on Tuesday, April 9th.

i-80 Gold Trading Down 1.7 %

Shares of NYSEAMERICAN:IAUX opened at $1.19 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.65. i-80 Gold has a 1 year low of $1.15 and a 1 year high of $2.60. The stock has a market cap of $357.71 million, a price-to-earnings ratio of -5.17 and a beta of 1.49.

i-80 Gold (NYSEAMERICAN:IAUX) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $25.84 million during the quarter. i-80 Gold had a negative return on equity of 20.98% and a negative net margin of 118.74%.

Hedge Funds Weigh In On i-80 Gold

Several hedge funds and other institutional investors have recently made changes to their positions in IAUX. Sprott Inc. lifted its position in shares of i-80 Gold by 1.4% during the third quarter. Sprott Inc. now owns 23,028,417 shares of the company’s stock worth $35,664,000 after purchasing an additional 325,811 shares during the last quarter. Van ECK Associates Corp lifted its holdings in i-80 Gold by 8.2% during the 4th quarter. Van ECK Associates Corp now owns 10,901,905 shares of the company’s stock worth $19,187,000 after buying an additional 828,832 shares during the last quarter. Equinox Partners Investment Management LLC grew its position in shares of i-80 Gold by 51.5% in the 4th quarter. Equinox Partners Investment Management LLC now owns 7,739,954 shares of the company’s stock worth $13,618,000 after acquiring an additional 2,631,954 shares in the last quarter. Euro Pacific Asset Management LLC increased its holdings in shares of i-80 Gold by 17.6% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 5,571,905 shares of the company’s stock valued at $8,425,000 after acquiring an additional 835,370 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of i-80 Gold by 3.0% during the 3rd quarter. Swiss National Bank now owns 430,100 shares of the company’s stock valued at $655,000 after acquiring an additional 12,700 shares in the last quarter. Institutional investors and hedge funds 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.