An analyst sees good growth prospects for i-80 Gold Corp (IAUX)

With 3.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.04 million shares. The 52-week range on IAUX shows that it touched its highest point at $1.64 and its lowest point at $0.34 during that stretch. Beta for the stock currently stands at 1.01.

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 1.67%, but this was up by 39.25% over a month. Three-month performance surged to 38.26% while six-month performance fell -24.95%. The stock lost -39.13% in the past year, while it has gained 59.38% so far this year.

Float and Shares Shorts:

At present, 396.43 million IAUX shares are outstanding with a float of 331.47 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IAUX since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.18172 being high and -$0.29076 being low. For IAUX, this leads to a yearly average estimate of -$0.2423. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.