i-80 Gold Corp. (IAUX) Performance and Fundamentals Dashboard tells a completely different story

i-80 Gold Corp. (AMEX: IAUX) stock jumped 1.95% on Tuesday to $2.62 against a previous-day closing price of $2.57. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $2.6450 whereas the lowest price it dropped to was $2.5300. The 52-week range on IAUX shows that it touched its highest point at $3.28 and its lowest point at $1.52 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IAUX was down-trending over the past week, with a drop of -2.24%, but this was down by -8.39% over a month. Three-month performance surged to 48.86% while six-month performance rose 33.67%. The stock gained 26.57% in the past year, while it has lost -7.09% so far this year.

Float and Shares Shorts:

At present, 240.37 million IAUX shares are outstanding with a float of 135.27 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.84 million, which was 0.77% higher than short shares on Sep 14, 2022. In addition to Mr. Ewan Stewart Downie as the firm’s CEO & Director, Mr. Matthew D. Gili serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 53.90% of IAUX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of IAUX, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 6.62% stake in IAUX, the Sprott Gold Equity Fund is the largest stakeholder. A total of 15,915,264 shares are owned by the mutual fund manager. The Fidelity Select Port. – Gold Port, which owns about 5.20% of IAUX stock, is the second-largest Mutual Fund holder. It holds 12,500,000 shares valued at 35.25 million. VanEck Junior Gold Miners ETF holds 2.63% of the stake in IAUX, owning 6,319,054 shares worth 17.82 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IAUX since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IAUX analysts setting a high price target of $4.30 and a low target of $2.62, the average target price over the next 12 months is $3.41.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. IAUX will report FY 2022 earnings on 03/26/2024. Analysts have provided yearly estimates in a range of $0.07 being high and -$0.28 being low. For IAUX, this leads to a yearly average estimate of -$0.16. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. i-80 Gold Corp. surprised analysts by -$0.01 when it reported -$0.08 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded IAUX stock several times over the past three months with 3 Buys and 4 Sells. In these transactions, 101,400 shares were bought while 96,400 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 765,400 while 3,574,818 shares were sold.

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