Idaho Strategic Resources (NYSEAMERICAN:IDR) Releases Earnings Results, Beats Expectations By $0.43 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) announced its quarterly earnings data on Monday. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43, reports. The business had revenue of $14.57 million during the quarter, compared to the consensus estimate of $11.90 million. Idaho Strategic Resources had a net margin of 39.42% and a return on equity of 29.25%.

Idaho Strategic Resources Stock Performance

IDR stock opened at $28.40 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55. The stock has a market capitalization of $442.76 million, a price-to-earnings ratio of 24.91 and a beta of 0.88. Idaho Strategic Resources has a 1 year low of $12.20 and a 1 year high of $54.70. The stock’s fifty day moving average is $38.80 and its two-hundred day moving average is $37.99.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $17.50.

Insider Activity

In other news, CEO John Swallow sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 645,778 shares in the company, valued at approximately $26,941,858.16. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.69% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

Hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Idaho Strategic Resources during the 3rd quarter valued at about $47,000. Russell Investments Group Ltd. acquired a new stake in shares of Idaho Strategic Resources in the third quarter valued at approximately $48,000. Kestra Advisory Services LLC bought a new stake in shares of Idaho Strategic Resources during the fourth quarter valued at approximately $66,000. JPMorgan Chase & Co. bought a new stake in shares of Idaho Strategic Resources during the second quarter valued at approximately $78,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Idaho Strategic Resources by 135.1% during the third quarter. BNP Paribas Financial Markets now owns 2,513 shares of the company’s stock worth $85,000 after buying an additional 1,444 shares during the period. 8.70% of the stock is currently owned by institutional investors.

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.