i-80 Gold Corp (AMEX: IAUX) Stock: Does It Have The Potential To Rise?

In the last trading session, 2.43 million shares of the i-80 Gold Corp (AMEX:IAUX) were traded, and its beta was 1.23. Most recently the company’s share price was $1.58, and it changed around $0.01 or 0.64% from the last close, which brings the market valuation of the company to $471.63M. IAUX currently trades at a discount to its 52-week high of $2.71, offering almost -71.52% off that amount. The share price’s 52-week low was $1.23, which indicates that the current value has risen by an impressive 22.15% since then. We note from i-80 Gold Corp’s average daily trading volume that its 10-day average is 2.24 million shares, with the 3-month average coming to 2.21 million.

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

Instantly IAUX has showed a green trend with a performance of 0.64% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -10.23% year-to-date, but still up 8.97% over the last five days. On the other hand, i-80 Gold Corp (AMEX:IAUX) is 14.49% up in the 30-day period. We can see from the shorts that 18.17 million shares have been sold at a short interest cover period of 7.01 day(s).

i-80 Gold Corp (IAUX) estimates and forecasts

i-80 Gold Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.22 percent over the past six months and at a 23.08% annual growth rate that is well above the industry average of 4.10%.

IAUX Dividends

i-80 Gold Corp’s next quarterly earnings report is expected to be released around March 12 and March 18.

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

Upon looking at major shareholders, it appears that insiders hold 19.61% of i-80 Gold Corp shares, and 54.78% of them are in the hands of institutional investors. The stock currently has a share float of 68.14%. i-80 Gold Corp stock is held by 173 institutions, with Sprott Inc. being the largest institutional investor. By Jun 29, 2023, it held 7.79% of the shares, which is about 22.7 million shares worth $51.08 million.

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

Sprott Gold Equity Fund and Fidelity Select Portfolios – Gold were the top two Mutual Funds as of Jun 29, 2023. The former held 15.92 million shares worth $35.81 million, making up 5.46% of all outstanding shares. On the other hand, Fidelity Select Portfolios – Gold held roughly 12.46 million shares worth around $24.67 million, which represents about 4.27% of the total shares outstanding.