Integra Resources (NYSEAMERICAN:ITRG) Raised to Hold at Zacks Research

Integra Resources (NYSEAMERICAN:ITRG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

ITRG has been the topic of a number of other research reports. Roth Capital set a $5.00 target price on Integra Resources in a research note on Monday, July 27th. HC Wainwright restated a “buy” rating and issued a $6.75 price target on shares of Integra Resources in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Integra Resources Stock Down 1.4%

Integra Resources stock opened at $2.91 on Tuesday. The stock has a market cap of $590.35 million, a P/E ratio of 72.77 and a beta of 0.86. The company has a quick ratio of 3.42, a current ratio of 5.31 and a debt-to-equity ratio of 0.08. Integra Resources has a twelve month low of $1.99 and a twelve month high of $4.87. The company’s 50-day moving average price is $2.40 and its two-hundred day moving average price is $2.81.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Integra Resources had a return on equity of 26.86% and a net margin of 4.14%.The company had revenue of $69.42 million for the quarter, compared to analyst estimates of $82.69 million. As a group, analysts expect that Integra Resources will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Integra Resources

Several institutional investors have recently made changes to their positions in ITRG. StoneX Group Inc. lifted its position in shares of Integra Resources by 39.4% during the 4th quarter. StoneX Group Inc. now owns 15,965 shares of the company’s stock valued at $64,000 after acquiring an additional 4,515 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Integra Resources in the fourth quarter worth $29,000. Jane Street Group LLC increased its position in shares of Integra Resources by 5.4% in the fourth quarter. Jane Street Group LLC now owns 171,694 shares of the company’s stock worth $688,000 after purchasing an additional 8,724 shares during the period. Independent Advisor Alliance acquired a new position in Integra Resources in the fourth quarter valued at about $40,000. Finally, Hohimer Wealth Management LLC acquired a new position in Integra Resources in the fourth quarter valued at about $40,000. 26.67% of the stock is currently owned by institutional investors.

About Integra Resources

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.