i-80 Gold Corp. (IAUX) Price Targets: What Do They Mean?

As of Wednesday close, i-80 Gold Corp.’s (AMEX:IAUX) stock was down -$0.03, moving down -1.47 percent to $2.01. The average number of shares traded per day over the past five days has been 2,413,960 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.05 fall in that time frame. In the last twenty days, the average volume was 1,601,015, while in the previous 50 days, it was 1,891,138.

Since last month, IAUX stock retreated -11.84%. Shares of the company fell to $1.96 on 07/27/23, the lowest level in the past month. A 52-week high of $3.18 was reached on 01/04/23 after having rallying from a 52-week low of $1.53. Since the beginning of this year, IAUX’s stock price has dropped by -28.72% or -$0.81, and marked a new high 2 times. However, the stock has declined by -36.79% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 14.25, the price-to-book (PB) ratio of 1.39.

Financial Health

Based on annual data, IAUX earned $8.1 million in gross profit and brought in $36.96 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$19.5 million in EBITDA. The liabilities of i-80 Gold Corp. were 304.0 million at the end of its most recent quarter.

Technical Picture

This quick technical analysis looks at i-80 Gold Corp.’s (IAUX) price momentum. With a historical volatility rate of 23.69%, the RSI 9-day stood at 33.53% on 02 August.

With respect to its five-day moving average, the current i-80 Gold Corp. price is down by -2.43% percent or -$0.05. At present, IAUX shares trade -10.27% below its 20-day simple moving average and -2.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.67% below its SMA50 and +4.15% above its SMA200.

Stochastic coefficient K was 19.32% and Stochastic coefficient D was 19.35%, while ATR was 0.09. Given the Stochastic reading of 14.71% for the 14-day period, the RSI (14) reading has been calculated as 37.34%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.07.

Analyst Ratings

i-80 Gold Corp. (IAUX) has been rated Buy by analysts. According to 0 brokerage firms, IAUX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate i-80 Gold Corp. stock as buy, with 7 recommending it as overweight.

With a median target price of $3.96, the current consensus forecast for the stock is $3.39 – $5.27. Based on these forecasts, analysts predict i-80 Gold Corp. (IAUX) will achieve an average price target of $4.10.

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