Integra Resources (NYSEAMERICAN:ITRG) Posts Quarterly Earnings Results, Meets Expectations

Integra Resources (NYSEAMERICAN:ITRG) announced its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Zacks reports. Integra Resources had a net margin of 4.14% and a return on equity of 26.86%. The company had revenue of $72.40 million during the quarter, compared to the consensus estimate of $77.60 million.

Integra Resources Trading Down 3.7%

Shares of ITRG stock opened at $2.10 on Thursday. The company has a market capitalization of $426.05 million, a PE ratio of 52.51 and a beta of 0.88. Integra Resources has a 52-week low of $1.99 and a 52-week high of $4.87. The business’s fifty day moving average is $2.51 and its 200 day moving average is $2.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31.

Analysts Set New Price Targets

A number of brokerages have commented on ITRG. Zacks Research upgraded shares of Integra Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Roth Capital set a $5.00 price target on Integra Resources in a research report on Monday, July 27th. Finally, HC Wainwright cut their price target on Integra Resources from $6.75 to $6.50 and set a “buy” rating for the company in a report on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.92.

Integra Resources Company Profile

Integra Resources Corp. is a Canadian mining company focused on exploring, developing and operating precious-metals projects in the western United States. Its activities include gold and silver production, project development and mineral exploration. The company operates the Florida Canyon Mine in Nevada and is advancing the DeLamar project in Idaho, a gold-and-silver development project. Integra also holds exploration properties in Nevada, including the Wildcat and Mountain View projects. Integra expanded its portfolio through its 2024 acquisition of Florida Canyon Gold, which brought the Florida Canyon operation into the company.