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

i-80 Gold Corp. (TSE:IAU) – Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of i-80 Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of ($0.22) 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.

Other analysts also recently issued research reports about the company. National Bankshares upgraded i-80 Gold from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from C$2.25 to C$1.75 in a report on Thursday, January 9th. Cormark raised i-80 Gold to a “hold” rating in a research report on Thursday, November 14th. Ventum Cap Mkts downgraded i-80 Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Royal Bank of Canada decreased their price target on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Finally, Stifel Canada downgraded i-80 Gold from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 30th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.55.

i-80 Gold Stock Up 6.2 %

Shares of i-80 Gold stock opened at C$0.86 on Monday. The company has a quick ratio of 1.57, a current ratio of 0.54 and a debt-to-equity ratio of 38.47. i-80 Gold has a 12-month low of C$0.47 and a 12-month high of C$2.40. The firm has a market capitalization of C$331.05 million, a PE ratio of -2.21 and a beta of 1.79. The stock’s fifty day moving average is C$0.85 and its 200-day moving average is C$1.24.

Insider Transactions at i-80 Gold

In other i-80 Gold news, Director Richard Scott Young bought 195,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of C$0.64 per share, for a total transaction of C$124,800.00. Over the last three months, insiders bought 285,150 shares of company stock worth $184,581. 2.43% of the stock is owned by 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.