What is Scotiabank's Estimate for i-80 Gold FY2026 Earnings?

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

Other analysts have also issued reports about the stock. Cormark upgraded shares of i-80 Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. National Bankshares reiterated an "outperform" rating on shares of i-80 Gold in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on shares of i-80 Gold from $2.00 to $1.50 and set an "outperform" rating for the company in a research report on Monday, June 2nd. Two equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2.17.

i-80 Gold Stock Performance

NYSE IAUX traded up $0.00 during trading hours on Thursday, hitting $0.67. 12,985,702 shares of the company's stock traded hands, compared to its average volume of 6,422,206. The business's fifty day moving average price is $0.58 and its two-hundred day moving average price is $0.60. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $525.20 million, a P/E ratio of -1.85 and a beta of 1.10. i-80 Gold has a 52 week low of $0.34 and a 52 week high of $1.26.

Hedge Funds Weigh In On i-80 Gold

A number of hedge funds have recently modified their holdings of the company. Sprott Inc. boosted its position in shares of i-80 Gold by 15.0% in the first quarter. Sprott Inc. now owns 19,700,922 shares of the company's stock worth $11,633,000 after purchasing an additional 2,575,661 shares during the period. Pale Fire Capital SE boosted its position in shares of i-80 Gold by 66.8% during the first quarter. Pale Fire Capital SE now owns 16,981,095 shares of the company's stock worth $9,880,000 after acquiring an additional 6,801,325 shares during the last quarter. Trek Financial LLC boosted its position in shares of i-80 Gold by 3.9% during the first quarter. Trek Financial LLC now owns 6,798,033 shares of the company's stock worth $3,955,000 after acquiring an additional 256,616 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of i-80 Gold by 429.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,910,533 shares of the company's stock worth $2,867,000 after acquiring an additional 4,793,333 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of i-80 Gold by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 3,886,847 shares of the company's stock worth $1,885,000 after acquiring an additional 113,650 shares during the last quarter. 61.31% of the stock is currently owned by 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.