Idaho Strategic Resources (NYSEAMERICAN:IDR) CEO John Swallow Sells 20,000 Shares

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 20,000 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total transaction of $834,400.00. Following the completion of the sale, the chief executive officer directly owned 645,778 shares in the company, valued at approximately $26,941,858.16. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Swallow also recently made the following trade(s):

• On Monday, December 22nd, John Swallow sold 30,000 shares of Idaho Strategic Resources stock. The stock was sold at an average price of $43.44, for a total transaction of $1,303,200.00.

Idaho Strategic Resources Stock Performance

Idaho Strategic Resources stock opened at $41.49 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. Idaho Strategic Resources, Inc. has a 1-year low of $9.90 and a 1-year high of $54.70. The firm has a market capitalization of $646.83 million, a P/E ratio of 59.27 and a beta of 0.98. The company’s 50-day moving average is $37.41 and its 200 day moving average is $29.53.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $11.08 million during the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%. Research analysts forecast that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in Idaho Strategic Resources during the 2nd quarter valued at $39,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Idaho Strategic Resources during the third quarter valued at $47,000. Russell Investments Group Ltd. bought a new stake in shares of Idaho Strategic Resources in the third quarter valued at about $48,000. AlphaQuest LLC lifted its stake in Idaho Strategic Resources by 6,301.6% in the second quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock worth $52,000 after acquiring an additional 3,907 shares during the period. Finally, Caitlin John LLC purchased a new stake in Idaho Strategic Resources in the third quarter worth about $53,000. Institutional investors own 8.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Capital reiterated a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $17.50.

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.