Scotiabank Issues Optimistic Estimate for i-80 Gold Earnings

i-80 Gold Corp. (NYSE:IAUX - Free Report) - Investment analysts at Scotiabank boosted their FY2026 EPS estimates for i-80 Gold in a report issued on Monday, June 9th. Scotiabank analyst O. Habib now expects that the company will earn $0.03 per share for the year, up from their prior forecast of $0.01. Scotiabank has a "Sector Outperform" rating and a $1.50 price objective on the stock. The consensus estimate for i-80 Gold's current full-year earnings is ($0.20) per share.

Several other equities research analysts also recently weighed in on the stock. National Bankshares reaffirmed an "outperform" rating on shares of i-80 Gold in a research note on Wednesday, April 2nd. Royal Bank of Canada reduced their price objective on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a report on Monday, June 2nd. Finally, Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2.17.

i-80 Gold Trading Up 0.5%

i-80 Gold stock traded up $0.00 during mid-day trading on Thursday, hitting $0.66. 13,158,529 shares of the stock were exchanged, compared to its average volume of 6,372,100. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. i-80 Gold has a 12 month low of $0.34 and a 12 month high of $1.26. The firm's fifty day simple moving average is $0.57 and its two-hundred day simple moving average is $0.60. The stock has a market capitalization of $521.74 million, a price-to-earnings ratio of -1.84 and a beta of 1.10.

Institutional Investors Weigh In On i-80 Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC increased its stake in shares of i-80 Gold by 490.9% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 65,000 shares of the company's stock worth $32,000 after acquiring an additional 54,000 shares in the last quarter. Maia Wealth LLC bought a new stake in i-80 Gold during the 4th quarter valued at about $34,000. ProShare Advisors LLC increased its stake in i-80 Gold by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 89,168 shares of the company's stock valued at $43,000 after purchasing an additional 29,339 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in i-80 Gold during the 4th quarter valued at about $46,000. Finally, Citadel Advisors LLC bought a new stake in i-80 Gold during the 4th quarter valued at about $53,000. 61.31% of the stock is owned by hedge funds and other institutional investors.

About i-80 Gold

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.