Integra Resources (NYSEAMERICAN:ITRG) Given New $7.00 Price Target at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its price objective reduced by equities researchers at HC Wainwright from $7.25 to $7.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price target suggests a potential upside of 72.84% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Integra Resources in a report on Monday, January 12th. They set a “moderate buy” rating and a $9.25 target price on the stock. Roth Mkm set a $7.00 price target on Integra Resources in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Integra Resources presently has an average rating of “Buy” and an average price target of $7.75.

Integra Resources Trading Up 3.8%

ITRG stock opened at $4.05 on Tuesday. The stock has a market cap of $742.00 million, a price-to-earnings ratio of 45.01 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.05. The company has a fifty day moving average price of $4.02 and a two-hundred day moving average price of $3.26. Integra Resources has a one year low of $1.02 and a one year high of $4.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC raised its holdings in Integra Resources by 157.2% in the 4th quarter. Virtu Financial LLC now owns 82,023 shares of the company’s stock valued at $329,000 after buying an additional 50,134 shares during the last quarter. XTX Topco Ltd increased its position in Integra Resources by 35.2% in the 4th quarter. XTX Topco Ltd now owns 267,825 shares of the company’s stock valued at $1,074,000 after acquiring an additional 69,723 shares during the period. Millennium Management LLC increased its position in Integra Resources by 175.7% in the 4th quarter. Millennium Management LLC now owns 1,954,804 shares of the company’s stock valued at $7,850,000 after acquiring an additional 1,245,850 shares during the period. Cetera Investment Advisers bought a new position in shares of Integra Resources during the fourth quarter valued at $46,000. Finally, Medici Capital LLC lifted its holdings in shares of Integra Resources by 643.6% during the fourth quarter. Medici Capital LLC now owns 907,875 shares of the company’s stock worth $3,656,000 after purchasing an additional 785,775 shares during the period. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.