Now Is The Time To Build A Position In i-80 Gold Corp (AMEX:IAUX)

In the latest trading session, 1.56 million i-80 Gold Corp (AMEX:IAUX) shares changed hands as the company’s beta touched 1.01. With the company’s most recent per share price at $0.63 changing hands around $0.0 or -0.28% at last look, the market valuation stands at $254.27M. IAUX’s current price is a discount, trading about -198.41% off its 52-week high of $1.88. The share price had its 52-week low at $0.34, which suggests the last value was 46.03% up since then. When we look at i-80 Gold Corp’s average trading volume, we note the 10-day average is 22.49 million shares, with the 3-month average coming to 9.42 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. i-80 Gold Corp’s EPS for the current quarter is expected to be 0.

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

Instantly IAUX was in red as seen in intraday trades today. With action -2.91%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -64.31%, with the 5-day performance at -2.91% in the red. However, in the 30-day time frame, i-80 Gold Corp (AMEX:IAUX) is -40.18% down. Looking at the short shares, we see there were 43.17 million shares sold at short interest cover period of 7.04 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 -43.41% over the past 6 months, a 50.00% in annual growth rate that is considerably higher than the industry average of 20.50%. Year-over-year growth is forecast to reach -16.23% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 37.7M.

IAUX Dividends

i-80 Gold Corp is expected to release its next quarterly earnings report in January.

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

If we look at who the major shareholders are, we find that insiders hold 8.40% of i-80 Gold Corp shares while 53.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.40%. There are 53.49% 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.