i-80 Gold Corp (AMEX: IAUX): Is It A Gold Mine Or A Disaster In The Making?

In the last trading session, 6.01 million shares of the i-80 Gold Corp (AMEX:IAUX) were traded, and its beta was 1.01. Most recently the company’s share price was $0.58, and it changed around -$0.02 or -2.13% from the last close, which brings the market valuation of the company to $235.71M. IAUX currently trades at a discount to its 52-week high of $1.88, offering almost -224.14% off that amount. The share price’s 52-week low was $0.34, which indicates that the current value has risen by an impressive 41.38% since then. We note from i-80 Gold Corp’s average daily trading volume that its 10-day average is 8.39 million shares, with the 3-month average coming to 9.64 million.

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

Instantly IAUX has showed a red trend with a performance of -2.13% 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 0.6599 on recent trading dayincreased the stock’s daily price by 12.11%. The company’s shares are currently down -66.91% year-to-date, but still down -5.32% over the last five days. On the other hand, i-80 Gold Corp (AMEX:IAUX) is -42.91% down in the 30-day period. We can see from the shorts that 43.17 million shares have been sold at a short interest cover period of 7.04 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 -46.08 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of 19.30%. The year-over-year growth rate is expected to be -19.87%, down from the previous year.

IAUX Dividends

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

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

Upon looking at major shareholders, it appears that insiders hold 8.41% of i-80 Gold Corp shares, and 53.52% of them are in the hands of institutional investors. The stock currently has a share float of 58.43%. i-80 Gold Corp stock is held by 181.0 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.