i-80 Gold Corp (AMEX: IAUX) Surprised Bears, Looks Healthy Going Forward.

ZM Stock

In the latest trading session, 0.99 million i-80 Gold Corp (AMEX:IAUX) shares changed hands as the company’s beta touched 1.10. With the company’s most recent per share price at $0.56 changed hands at -$0.01 or -0.28% at last look, the market valuation stands at $223.40M. IAUX’s current price is a discount, trading about -200.0% off its 52-week high of $1.68. The share price had its 52-week low at $0.34, which suggests the last value was 39.29% up since then. When we look at i-80 Gold Corp’s average trading volume, we note the 10-day average is 2.78 million shares, with the 3-month average coming to 9.41 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 6.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 16.43%, with the 5-day performance at 6.23% in the green. However, in the 30-day time frame, i-80 Gold Corp (AMEX:IAUX) is 16.43% up. Looking at the short shares, we see there were 41.76 million shares sold at short interest cover period of 6.81 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 -45.17% over the past 6 months, a 37.50% in annual growth rate that is considerably higher than the industry average of 19.00%. Year-over-year growth is forecast to reach -19.87% 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.

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

If we look at who the major shareholders are, we find that insiders hold 11.18% of i-80 Gold Corp shares while 45.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.75%. There are 45.97% 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 Sep 30, 2024 were Amplify ETF Tr-Amplify Junior Silver Miners ETF and Sprott Gold Equity Fund. With 19.82 shares estimated at $11.26 million under it, the former controlled 4.84% of total outstanding shares. On the other hand, Sprott Gold Equity Fund held about 3.99% of the shares, roughly 16.34 shares worth around $9.28 million.