i-80 Gold Corp (AMEX: IAUX) Shares Might Go Down -61.95% This Year

In today’s recent session, 1.69 million shares of the i-80 Gold Corp (AMEX:IAUX) have been traded, and its beta is 1.09. Most recently the company’s share price was $0.56, and it changed around -$0.01 or -2.22% from the last close, which brings the market valuation of the company to $221.26M. IAUX at last check was trading at a discount to its 52-week high of $1.78, offering almost -217.86% off that amount. The share price’s 52-week low was $0.34, which indicates that the recent value has risen by an impressive 39.29% since then. We note from i-80 Gold Corp’s average daily trading volume that its 10-day average is 2.87 million shares, with the 3-month average coming to 9.63 million.

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

Instantly IAUX has been showing red trend so far today with a performance of -2.22% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.6364 on recent trading dayincreased the stock’s daily price by 12.01%. The company’s shares are currently up 15.32% year-to-date, but still down -2.05% over the last five days. On the other hand, i-80 Gold Corp (AMEX:IAUX) is 6.27% up in the 30-day period. We can see from the shorts that 39.34 million shares have been sold at a short interest cover period of 6.14 day(s).

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 -47.24 percent over the past six months and at a 28.13% annual growth rate that is well above the industry average of 17.40%.

IAUX Dividends

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

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

Upon looking at major shareholders, it appears that insiders hold 12.60% of i-80 Gold Corp shares, and 53.12% of them are in the hands of institutional investors. The stock currently has a share float of 60.77%. i-80 Gold Corp stock is held by 183.0 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.

Amplify ETF Tr-Amplify Junior Silver Miners ETF and Sprott Gold Equity Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 19.82 shares worth $11.1 million, making up 5.01% of all outstanding shares. On the other hand, Sprott Gold Equity Fund held roughly 16.34 shares worth around $9.15 million, which represents about 4.13% of the total shares outstanding.