Idaho Strategic Resources (NYSEAMERICAN:IDR) Announces Quarterly Earnings Results

Idaho Strategic Resources (NYSEAMERICAN:IDR) issued its quarterly earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03), FiscalAI reports. Idaho Strategic Resources had a net margin of 39.42% and a return on equity of 23.69%. The business had revenue of $14.48 million during the quarter, compared to the consensus estimate of $14.30 million.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock traded down $6.62 during midday trading on Thursday, hitting $44.59. 358,565 shares of the company traded hands, compared to its average volume of 213,264. The stock has a market cap of $704.97 million, a price-to-earnings ratio of 39.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.70 and a current ratio of 13.96. The firm’s fifty day moving average price is $38.33 and its 200-day moving average price is $39.12. Idaho Strategic Resources has a 12 month low of $12.25 and a 12 month high of $54.70.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of IDR. Invesco Ltd. grew its position in Idaho Strategic Resources by 39.3% during the 4th quarter. Invesco Ltd. now owns 220,534 shares of the company’s stock worth $8,888,000 after acquiring an additional 62,175 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in Idaho Strategic Resources by 25.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 83,798 shares of the company’s stock worth $3,377,000 after acquiring an additional 16,893 shares during the last quarter. AQR Capital Management LLC bought a new stake in Idaho Strategic Resources during the 4th quarter worth $261,000. Pertento Partners LLP bought a new stake in Idaho Strategic Resources during the 4th quarter worth $8,575,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Idaho Strategic Resources by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,673 shares of the company’s stock valued at $310,000 after buying an additional 977 shares during the last quarter. Institutional investors own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

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