Are Smart Investors Making the Right Decision? i-80 Gold Corp (IAUX)

With 2.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.03 shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $1.3900 whereas the lowest price it dropped to was $1.3400. The 52-week range on IAUX shows that it touched its highest point at $2.71 and its lowest point at $1.25 during that stretch. Beta for the stock currently stands at 1.31.

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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 -14.01%, but this was down by -9.40% over a month. Three-month performance surged to 3.05% while six-month performance fell -32.50%. The stock lost -48.47% in the past year, while it has lost -23.30% so far this year.

Float and Shares Shorts:

At present, 298.50 million IAUX shares are outstanding with a float of 217.78 million shares on hand for trading. On Jan 31, 2024, short shares totaled 15.97 million, which was 5.60% higher than short shares on Dec 29, 2023. In addition to Mr. Ewan Stewart Downie as the firm’s CEO & Director, Mr. Matthew D. Gili serves as its President & COO.

Institutional Ownership:

Through their ownership of 51.28% of IAUX’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

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 $4.44 and a low target of $1.88, the average target price over the next 12 months is $3.25. Based on these targets, IAUX could surge 228.89% to reach the target high and rise by 39.26% to reach the target low. Reaching the average price target will result in a growth of 140.74% from current levels.