Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Up 13.4% – Should You Buy?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) shares were up 13.4% during trading on Wednesday . The company traded as high as $49.40 and last traded at $49.7770. Approximately 116,121 shares changed hands during trading, a decline of 68% from the average daily volume of 366,185 shares. The stock had previously closed at $43.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, Idaho Strategic Resources currently has an average rating of “Strong Buy”.

Idaho Strategic Resources Stock Performance

The company has a current ratio of 13.96, a quick ratio of 13.70 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $769.31 million, a P/E ratio of 42.68 and a beta of 1.21. The company’s 50-day moving average is $37.21 and its two-hundred day moving average is $38.57.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of hedge funds have recently made changes to their positions in the business. Prospera Financial Services Inc grew its holdings in Idaho Strategic Resources by 4.6% in the 4th quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock worth $340,000 after buying an additional 373 shares in the last quarter. International Assets Investment Management LLC raised its stake in Idaho Strategic Resources by 100.0% during the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares in the last quarter. Raymond James Financial Inc. boosted its position in Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after acquiring an additional 608 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Idaho Strategic Resources during the 4th quarter worth $38,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Idaho Strategic Resources by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,673 shares of the company’s stock worth $310,000 after purchasing an additional 977 shares in the last quarter. Institutional investors own 8.70% of the company’s stock.

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.