UBS Group AG Raises Holdings in Integra Resources Corp. $ITRG

UBS Group AG boosted its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 316.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 608,482 shares of the company’s stock after purchasing an additional 462,205 shares during the quarter. UBS Group AG owned about 0.33% of Integra Resources worth $2,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITRG. Bank of America Corp DE grew its holdings in shares of Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after buying an additional 35,997 shares in the last quarter. Brookstone Capital Management acquired a new position in Integra Resources during the fourth quarter worth about $41,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Integra Resources during the 3rd quarter valued at about $42,000. Jane Street Group LLC purchased a new stake in Integra Resources during the 2nd quarter valued at about $48,000. Finally, JPMorgan Chase & Co. acquired a new stake in Integra Resources in the 2nd quarter valued at about $53,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Analyst Ratings Changes

ITRG has been the topic of a number of research reports. Roth Mkm set a $7.00 target price on shares of Integra Resources in a research note on Tuesday, January 27th. HC Wainwright cut their price target on Integra Resources from $7.00 to $6.75 and set a “buy” rating for the company in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Integra Resources presently has an average rating of “Buy” and an average target price of $7.67.

Integra Resources Trading Up 2.9%

Shares of ITRG stock opened at $2.48 on Wednesday. The company has a current ratio of 4.96, a quick ratio of 3.17 and a debt-to-equity ratio of 0.10. Integra Resources Corp. has a twelve month low of $1.41 and a twelve month high of $4.87. The company’s 50-day moving average price is $2.81 and its 200-day moving average price is $3.45. The stock has a market cap of $501.58 million, a price-to-earnings ratio of 62.02 and a beta of 0.82.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.