Integra Resources (NYSEAMERICAN:ITRG) Price Target Raised to $4.75

Integra Resources (NYSEAMERICAN:ITRG) had its price target boosted by HC Wainwright from $3.25 to $4.75 in a research report report published on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at $0.25 EPS.

Integra Resources Stock Performance

NYSEAMERICAN ITRG opened at $2.89 on Thursday. The company has a market cap of $488.64 million, a P/E ratio of 48.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.24. The stock has a 50-day moving average of $2.72 and a two-hundred day moving average of $1.99. Integra Resources has a 1-year low of $0.79 and a 1-year high of $3.49.

Hedge Funds Weigh In On Integra Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in shares of Integra Resources by 0.8% during the second quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock worth $17,945,000 after buying an additional 100,000 shares in the last quarter. Equinox Partners Investment Management LLC grew its position in shares of Integra Resources by 6.9% during the first quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock worth $12,223,000 after buying an additional 635,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Integra Resources during the second quarter worth about $7,106,000. Ruffer LLP grew its position in shares of Integra Resources by 3.6% during the first quarter. Ruffer LLP now owns 3,238,353 shares of the company’s stock worth $4,029,000 after buying an additional 112,300 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Integra Resources by 88.2% during the second quarter. Bank of America Corp DE now owns 2,365,705 shares of the company’s stock worth $3,549,000 after buying an additional 1,108,570 shares in the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.

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.