i-80 Gold Corp (AMEX: IAUX) – Analysts’ Opinion Is Improving

AMMJ Stock

i-80 Gold Corp (AMEX:IAUX) traded at $0.65 at close of the session on current trade day and made a downward move of -3.10% on its previous day’s price.

Looking at the stock we see that its previous close was $0.67 and the beta (5Y monthly) reads 1.791 with the day’s price range being $0.6357 – $0.71. In terms of its 52-week price range, IAUX has a high of $1.88 and a low of $0.34. The company’s stock has lost about -41.18% over that past 30 days.

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i-80 Gold Corp has a market cap of $356.94 million and is expected to release its quarterly earnings report in December.

On the other hand, looking at the outlook for the IAUX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the i-80 Gold Corp (IAUX) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -21.21% off its SMA20 and -35.50% from its 50-day simple moving average. The RSI (14) is pointing at 38.95 while the volatility over the past week is 17.06% and jumps to 12.00% over the past one month. The beta value is 1.09, while the average true range (ATR) is currently pointing at 0.09.

Coming back to i-80 Gold Corp (AMEX:IAUX), we note that the average 3-month trading volume was 8.61 million, while that of the preceding 10-day period stands at 30.81 million. Current shares outstanding are 404.79 million.

The insiders hold 15.80% of the company’s shares while institutions hold 41.16%. The data shows that short shares as of 2024-10-31, stood at 30.15 million at a short ratio of 7.04. Shares short rose in October from the previous month at 28.76 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -63.24% down in year-to-date price movement.

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