i-80 Gold Corp. (AMEX: IAUX) stock jumped 3.87% on Monday to $1.88 against a previous-day closing price of $1.81. With 1.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $1.8900 whereas the lowest price it dropped to was $1.8200. The 52-week range on IAUX shows that it touched its highest point at $3.18 and its lowest point at $1.53 during that stretch. Beta for the stock currently stands at 1.22.
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 up-trending over the past week, with a rise of 1.08%, but this was up by 2.17% over a month. Three-month performance dropped to -14.93% while six-month performance fell -13.76%. The stock gained 2.73% in the past year, while it has lost -33.33% so far this year.
Float and Shares Shorts:
At present, 287.56 million IAUX shares are outstanding with a float of 195.74 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.07 million, which was 2.81% higher than short shares on Jul 30, 2023. In addition to Mr. Ewan Stewart Downie as the firm’s CEO & Director, Mr. Matthew D. Gili serves as its Pres & COO.
Through their ownership of 52.98% 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 5.45% 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 4.28% of IAUX stock, is the second-largest Mutual Fund holder. It holds 12,500,000 shares valued at 24.75 million. VanEck Junior Gold Miners ETF holds 2.76% of the stake in IAUX, owning 8,039,611 shares worth 15.92 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, IAUX reported revenue of $6.38M and operating income of -$16.86M. The EBITDA in the recently reported quarter was -$1.68M and diluted EPS was $0.08.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IAUX since 0 analysts follow the stock currently. 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 $5.12 and a low target of $3.33, the average target price over the next 12 months is $3.95. Based on these targets, IAUX could surge 172.34% to reach the target high and rise by 77.13% to reach the target low. Reaching the average price target will result in a growth of 110.11% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.