Integra Resources (CVE:ITR) Reaches New 52-Week High on Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s stock price reached a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$7.00 to C$8.00. Stifel Nicolaus currently has a buy rating on the stock. Integra Resources traded as high as C$6.37 and last traded at C$6.36, with a volume of 85321 shares. The stock had previously closed at C$6.08.

Several other equities analysts have also recently issued reports on ITR. Roth Capital upgraded Integra Resources to a “strong-buy” rating in a research report on Monday, December 8th. Raymond James Financial lifted their price target on Integra Resources from C$4.25 to C$5.50 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of C$6.75.

Integra Resources Price Performance

The company has a market cap of C$1.01 billion, a price-to-earnings ratio of 39.67 and a beta of 1.43. The company has a fifty day simple moving average of C$4.63 and a two-hundred day simple moving average of C$3.47. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.