Integra Resources (NYSEAMERICAN:ITRG) Sees Strong Trading Volume – Time to Buy?

Integra Resources Corp. (NYSEAMERICAN:ITRG) shares saw unusually-high trading volume on Monday . Approximately 2,147,923 shares changed hands during trading, an increase of 74% from the previous session’s volume of 1,235,115 shares.The stock last traded at $3.1550 and had previously closed at $2.76.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their target price on shares of Integra Resources from $3.25 to $4.75 and gave the company a “buy” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Integra Resources has an average rating of “Buy” and a consensus target price of $4.75.

Integra Resources Price Performance

The company has a quick ratio of 1.24, a current ratio of 2.11 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $2.86 and its 200 day moving average price is $2.08. The company has a market capitalization of $526.85 million, a P/E ratio of 52.25 and a beta of 0.83.

Institutional Trading of Integra Resources

A number of institutional investors and hedge funds have recently made changes to their positions in ITRG. Franklin Resources Inc. raised its position in Integra Resources by 0.8% during the second quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock valued at $17,945,000 after purchasing an additional 100,000 shares in the last quarter. Equinox Partners Investment Management LLC increased its stake in shares of Integra Resources by 6.9% in the 1st quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock valued at $12,223,000 after purchasing an additional 635,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Integra Resources during the 2nd quarter worth $7,106,000. Ruffer LLP lifted its position in shares of Integra Resources by 3.6% during the 1st 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 during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Integra Resources by 88.2% during the 2nd 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 during the last quarter. Institutional investors own 26.67% of the company’s stock.

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.