Analysts Issue Research Notes On i-80 Gold Corp. (IAUX)

i-80 Gold Corp. (AMEX:IAUX) traded with an addition of $0.09 to $2.26 on Thursday, an upside of 3.92 percent. An average of 1,120,207 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,362,217 shares traded, while the 50-day average volume stands at 958,041.

IAUX stock has decreased by -3.63% in the last month. The company shares reached their 1-month lowest point of $1.99 on 03/16/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $1.52 and a high of $3.18 in 52 weeks. It has reached a new high 2 times so far this year and lost -20.04% or -$0.59 in price. In spite of this, the price is down -29.09% from the 52-week high.

Financial Health

Its gross profit as reported stood at $8.1 million compared to revenue of $36.96 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at i-80 Gold Corp. (IAUX) price momentum. RSI 9-day as of the close on 22 March was 53.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.22%.

As of today, IAUX’s price is $2.19 +7.92% or $0.16 from its 5-day moving average. IAUX is currently trading -6.13% lower than its 20-day SMA and +32.19% higher than its 100-day SMA. However, the stock’s current price level is -21.06% below the SMA50 and -11.00% below the SMA200.

The stochastic %K and %D were 51.04% and 50.35%, respectively, and the average true range (ATR) was 0.10. With the 14-day stochastic at 65.95% and the average true range at 0.11, the RSI (14) stands at 47.61%. The stock has reached 0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.

Analyst Ratings

The consensus rating for i-80 Gold Corp. (IAUX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IAUX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.

What is IAUX’s price target for the next 12 months?

Analysts predict a range of price targets between $3.09 and $4.08, with a median target of $3.68. Taking a look at these predictions, the average price target given by analysts for i-80 Gold Corp. (IAUX) stock is $3.70.

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