Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 6.7% – Time to Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price fell 6.7% during mid-day trading on Monday . The stock traded as low as $43.89 and last traded at $43.5560. 241,885 shares changed hands during trading, a decline of 59% from the average session volume of 583,362 shares. The stock had previously closed at $46.68.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $17.50.

Idaho Strategic Resources Stock Down 11.6%

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 company’s 50-day moving average price is $41.98 and its 200 day moving average price is $33.54. The stock has a market capitalization of $643.40 million, a P/E ratio of 58.96 and a beta of 0.97.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, equities analysts expect that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insider Activity

In related news, Director Richard Scott Beaven sold 2,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the completion of the sale, the director owned 11,183 shares in the company, valued at approximately $387,379.12. This trade represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Swallow sold 20,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total value of $834,400.00. Following the sale, the chief executive officer directly owned 645,778 shares in the company, valued at $26,941,858.16. This trade represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,000 shares of company stock valued at $2,206,880 in the last quarter. 8.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Idaho Strategic Resources

Several institutional investors and hedge funds have recently modified their holdings of IDR. NewEdge Advisors LLC lifted its holdings in shares of Idaho Strategic Resources by 108.8% in the first quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock worth $437,000 after buying an additional 15,917 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock valued at $746,000 after acquiring an additional 9,298 shares during the last quarter. Evernest Financial Advisors LLC purchased a new stake in Idaho Strategic Resources in the 2nd quarter worth $396,000. FNY Investment Advisers LLC purchased a new stake in Idaho Strategic Resources in the 2nd quarter worth $288,000. Finally, AlphaQuest LLC boosted its holdings in shares of Idaho Strategic Resources by 6,301.6% during the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after purchasing an additional 3,907 shares during the last quarter. Institutional investors own 8.70% of the company’s stock.

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.