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i-80 Gold Corp’s (AMEX: IAUX) Stock Could Appreciate By -225.0%

In the last trading session, 1.06 million i-80 Gold Corp (AMEX:IAUX) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $1.36 changed hands at $0.03 or 2.26% during last session, the market valuation stood at $405.96M. IAUX’s last price was a discount, traded about -133.82% off its 52-week high of $3.18. The share price had its 52-week low at $1.25, which suggests the last value was 8.09% up since then. When we look at i-80 Gold Corp’s average trading volume, we note the 10-day average is 2.19 million shares, with the 3-month average coming to 1.67 million.

Analysts gave the i-80 Gold Corp (IAUX) stock a consensus recommendation rating of a Buy. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended IAUX as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight.

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i-80 Gold Corp (AMEX:IAUX) trade information

Instantly IAUX was in green as seen at the end of in last trading. With action -0.73%, the performance over the past five days has been red. The jump to weekly highs of 1.4400 on Monday, 11/20/23 added 2.26% to the stock’s daily price. The company’s shares are showing year-to-date downside of -51.77%, with the 5-day performance at -0.73% in the red. However, in the 30-day time frame, i-80 Gold Corp (AMEX:IAUX) is -13.92% down. Looking at the short shares, we see there were 8.96 million shares sold at short interest cover period of 4.42 days.

The consensus price target for the stock as assigned by Wall Street analysts is $3.76, meaning bulls need an upside of 63.83% from its current market value. According to analyst projections, IAUX’s forecast low is $3.28 with $4.42 as the target high. To hit the forecast high, the stock’s price needs a -225.0% plunge from its current level, while the stock would need to soar -141.18% for it to hit the projected low.

i-80 Gold Corp (IAUX) estimates and forecasts

Data shows that the i-80 Gold Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -42.13% over the past 6 months, a 61.54% in annual growth rate that is considerably higher than the industry average of 9.80%.

IAUX Dividends

i-80 Gold Corp is expected to release its next quarterly earnings report on November 02.

i-80 Gold Corp (AMEX:IAUX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 20.78% of i-80 Gold Corp shares while 52.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.88%. There are 52.98% institutions holding the i-80 Gold Corp stock share, with Sprott Inc. the top institutional holder. As of Jun 29, 2023, the company held 7.79% of the shares, roughly 22.7 million IAUX shares worth $51.08 million.

Orion Resource Partners (USA) LP holds the second largest percentage of outstanding shares, with 6.96% or 20.3 million shares worth $45.67 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Sprott Gold Equity Fund and Fidelity Select Portfolios – Gold. With 15.92 million shares estimated at $35.81 million under it, the former controlled 5.46% of total outstanding shares. On the other hand, Fidelity Select Portfolios – Gold held about 4.27% of the shares, roughly 12.46 million shares worth around $24.67 million.

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