Idaho Strategic Resources, Inc. $IDR Shares Sold by JW Asset Management LLC

JW Asset Management LLC decreased its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,197 shares of the company’s stock after selling 13,500 shares during the quarter. Idaho Strategic Resources accounts for approximately 1.9% of JW Asset Management LLC’s investment portfolio, making the stock its 8th largest holding. JW Asset Management LLC owned 0.92% of Idaho Strategic Resources worth $5,771,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IDR. Brevan Howard Capital Management LP acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter worth approximately $5,616,000. Euro Pacific Asset Management LLC acquired a new position in Idaho Strategic Resources during the fourth quarter worth about $32,782,035,000. Principal Financial Group Inc. acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter worth approximately $502,000. Navellier & Associates Inc. boosted its stake in Idaho Strategic Resources by 43.6% during the third quarter. Navellier & Associates Inc. now owns 146,003 shares of the company’s stock worth $4,933,000 after buying an additional 44,349 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter valued at about $15,711,000. 8.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Idaho Strategic Resources Stock Up 2.5%

IDR stock opened at $37.35 on Friday. The company has a market capitalization of $590.50 million, a P/E ratio of 26.30 and a beta of 1.21. The company has a current ratio of 12.77, a quick ratio of 12.48 and a debt-to-equity ratio of 0.01. Idaho Strategic Resources, Inc. has a twelve month low of $12.30 and a twelve month high of $54.70. The firm has a 50 day simple moving average of $38.10 and a 200-day simple moving average of $39.29.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The business had revenue of $14.48 million during the quarter, compared to analyst estimates of $14.30 million. Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%. On average, equities research analysts predict that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current fiscal year.

Idaho Strategic Resources Company Profile

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.