In the last trading session, 3.23 million i-80 Gold Corp (AMEX:IAUX) shares changed hands as the company’s beta touched 1.22. With the company’s per share price at $0.96 changed hands at -$0.02 or -1.42% during last session, the market valuation stood at $371.24M. IAUX’s last price was a discount, traded about -96.88% off its 52-week high of $1.89. The share price had its 52-week low at $0.76, which suggests the last value was 20.83% up since then. When we look at i-80 Gold Corp’s average trading volume, we note the 10-day average is 2.64 million shares, with the 3-month average coming to 3.77 million.
Analysts gave the i-80 Gold Corp (IAUX) stock a consensus recommendation rating of Buy. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended IAUX as a Hold, 2 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 red as seen at the end of in last trading. With action -4.51%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -45.20%, with the 5-day performance at -4.51% in the red. However, in the 30-day time frame, i-80 Gold Corp (AMEX:IAUX) is 20.43% up. Looking at the short shares, we see there were 28.02 million shares sold at short interest cover period of 7.12 days.
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 -38.96% over the past 6 months, a 115.63% in annual growth rate that is considerably higher than the industry average of 21.70%.
i-80 Gold Corp (AMEX:IAUX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.39% of i-80 Gold Corp shares while 56.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.37%. There are 56.62% institutions holding the i-80 Gold Corp stock share, with ORION RESOURCE PARTNERS LP the top institutional holder. As of 2024-06-30, the company held 8.4886% of the shares, roughly 25.92 million IAUX shares worth $27.99 million.
MMCAP INTERNATIONAL INC. SPC holds the second largest percentage of outstanding shares, with 6.214% or 18.97 million shares worth $19.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Sprott Gold Equity Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF . With 16.34 shares estimated at $15.76 million under it, the former controlled 4.41% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 3.23% of the shares, roughly 11.96 shares worth around $11.53 million.
