Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Up 5.2% – Here’s Why

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) shares shot up 5.2% during trading on Wednesday . The company traded as high as $35.30 and last traded at $34.6750. 89,475 shares traded hands during trading, a decline of 71% from the average session volume of 311,624 shares. The stock had previously closed at $32.95.

Analysts Set New Price Targets

Separately, Zacks Research lowered Idaho Strategic Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Idaho Strategic Resources Price Performance

The firm’s fifty day moving average price is $31.50 and its 200 day moving average price is $35.72. The firm has a market capitalization of $535.53 million, a PE ratio of 23.33 and a beta of 1.23. The company has a current ratio of 12.17, a quick ratio of 11.66 and a debt-to-equity ratio of 0.01.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $10.73 million during the quarter, compared to analyst estimates of $12.50 million. Idaho Strategic Resources had a return on equity of 20.81% and a net margin of 44.00%. As a group, equities analysts forecast that Idaho Strategic Resources, Inc. will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On Idaho Strategic Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Idaho Strategic Resources by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after buying an additional 500 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Idaho Strategic Resources during the fourth quarter worth about $38,000. Rockefeller Capital Management L.P. acquired a new stake in Idaho Strategic Resources during the fourth quarter worth about $40,000. Global Assets Advisory LLC purchased a new position in Idaho Strategic Resources during the first quarter valued at approximately $45,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Idaho Strategic Resources during the third quarter valued at approximately $47,000. 8.70% of the stock is owned by institutional investors and hedge funds.

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.