i-80 Gold Corp (AMEX: IAUX): Would You Buy Today?

In the last trading session, 5.5 million shares of the i-80 Gold Corp (AMEX:IAUX) were traded, and its beta was 1.22. Most recently the company’s share price was $0.87, and it changed around -$0.07 or -6.87% from the last close, which brings the market valuation of the company to $336.75M. IAUX currently trades at a discount to its 52-week high of $2.07, offering almost -137.93% off that amount. The share price’s 52-week low was $0.91, which indicates that the current value has fallen by an impressive -4.6% since then. We note from i-80 Gold Corp’s average daily trading volume that its 10-day average is 4.14 million shares, with the 3-month average coming to 4.24 million.

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

Instantly IAUX has showed a red trend with a performance of -6.87% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0800 on recent trading dayincreased the stock’s daily price by 19.44%. The company’s shares are currently down -50.29% year-to-date, but still down -17.46% over the last five days. On the other hand, i-80 Gold Corp (AMEX:IAUX) is -16.68% down in the 30-day period. We can see from the shorts that 28.72 million shares have been sold at a short interest cover period of 7.6 day(s).

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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 -41.67 percent over the past six months and at a 115.63% annual growth rate that is well above the industry average of 20.90%.

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

Upon looking at major shareholders, it appears that insiders hold 13.39% of i-80 Gold Corp shares, and 52.45% of them are in the hands of institutional investors. The stock currently has a share float of 60.56%. i-80 Gold Corp stock is held by 189.0 institutions, with ORION RESOURCE PARTNERS (USA) LP being the largest institutional investor. By 2024-03-31, it held 7.9545% of the shares, which is about 21.8 million shares worth $29.21 million.

SPROTT INC., with 7.1823% or 19.68 million shares worth $25.88 million as of 2024-03-31, holds the second largest percentage of outstanding shares.