What is Scotiabank’s Forecast for i-80 Gold FY2024 Earnings?

i-80 Gold Corp. (TSE:IAU) – Scotiabank lifted their FY2024 earnings estimates for i-80 Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of ($0.22) per share for the year, up from their previous forecast of ($0.23). The consensus estimate for i-80 Gold’s current full-year earnings is $0.03 per share. Scotiabank also issued estimates for i-80 Gold’s FY2025 earnings at ($0.06) EPS and FY2026 earnings at $0.21 EPS.

IAU has been the subject of a number of other research reports. Cormark upgraded i-80 Gold to a “hold” rating in a research note on Thursday, November 14th. National Bank Financial upgraded i-80 Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 30th. Ventum Cap Mkts cut shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Cibc World Mkts downgraded shares of i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, i-80 Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$2.55.

i-80 Gold Stock Performance

Shares of IAU stock opened at C$0.83 on Monday. i-80 Gold has a 52 week low of C$0.47 and a 52 week high of C$2.40. The company has a market cap of C$319.50 million, a PE ratio of -2.13 and a beta of 1.79. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47. The company’s fifty day simple moving average is C$0.88 and its 200-day simple moving average is C$1.25.

Insider Activity at i-80 Gold

In related news, Director Richard Scott Young purchased 195,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average cost of C$0.64 per share, with a total value of C$124,800.00. Insiders purchased 285,150 shares of company stock worth $184,581 in the last quarter. 2.43% of the stock is owned by company insiders.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.