Is i-80 Gold Corp (AMEX: IAUX) Worth Your Money In 2024?

In the latest trading session, 0.88 million shares of the i-80 Gold Corp (AMEX:IAUX) were traded, and its beta was 1.20. Most recently the company’s share price was $1.12, and it changed around $0.01 or 0.54% from the last close, which brings the market valuation of the company to $429.59M. IAUX currently trades at a discount to its 52-week high of $1.89, offering almost -68.75% off that amount. The share price’s 52-week low was $0.76, which indicates that the current value has risen by an impressive 32.14% since then. We note from i-80 Gold Corp’s average daily trading volume that its 10-day average is 3.2 million shares, with the 3-month average coming to 3.79 million.

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

Instantly IAUX has showed a green trend with a performance of 0.54% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.1400 on recent trading dayincreased the stock’s daily price by 1.75%. The company’s shares are currently down -36.59% year-to-date, but still up 14.08% over the last five days. On the other hand, i-80 Gold Corp (AMEX:IAUX) is 17.76% up in the 30-day period. We can see from the shorts that 28.46 million shares have been sold at a short interest cover period of 7.12 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 -24.59 percent over the past six months and at a 115.63% annual growth rate that is well above the industry average of 21.30%.

IAUX Dividends

i-80 Gold Corp’s next quarterly earnings report is expected to be released in October.

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 56.62% of them are in the hands of institutional investors. The stock currently has a share float of 65.37%. i-80 Gold Corp stock is held by 175.0 institutions, with ORION RESOURCE PARTNERS LP being the largest institutional investor. By 2024-06-30, it held 8.4886% of the shares, which is about 25.92 million shares worth $27.99 million.

MMCAP INTERNATIONAL INC. SPC, with 6.214% or 18.97 million shares worth $19.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Sprott Gold Equity Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 16.34 shares worth $17.97 million, making up 4.41% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 11.96 shares worth around $13.15 million, which represents about 3.23% of the total shares outstanding.