Idaho Strategic Resources (NYSEAMERICAN:IDR) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) announced its earnings results on Thursday. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), FiscalAI reports. The company had revenue of $10.73 million during the quarter, compared to the consensus estimate of $12.50 million. Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%.

Idaho Strategic Resources Stock Performance

IDR opened at $31.64 on Friday. The firm has a market cap of $500.23 million, a P/E ratio of 22.28 and a beta of 1.23. Idaho Strategic Resources has a 1-year low of $22.31 and a 1-year high of $54.70. The company has a 50 day simple moving average of $32.05 and a two-hundred day simple moving average of $36.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of Idaho Strategic Resources during the fourth quarter worth about $200,000. Prelude Capital Management LLC purchased a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $215,000. Alliancebernstein L.P. bought a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $203,000. Virtu Financial LLC bought a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $237,000. Finally, Osaic Holdings Inc. boosted its stake in Idaho Strategic Resources by 42.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,604 shares of the company’s stock worth $113,000 after purchasing an additional 2,579 shares during the period. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.