World Investment Advisors Makes New $1.39 Million Investment in Idaho Strategic Resources, Inc. $IDR

World Investment Advisors bought a new position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 34,456 shares of the company’s stock, valued at approximately $1,389,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its holdings in shares of Idaho Strategic Resources by 4,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock valued at $45,000 after purchasing an additional 1,000 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Idaho Strategic Resources in the third quarter valued at about $47,000. Russell Investments Group Ltd. bought a new stake in shares of Idaho Strategic Resources in the third quarter valued at about $48,000. Caitlin John LLC bought a new stake in shares of Idaho Strategic Resources in the third quarter valued at about $53,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Idaho Strategic Resources in the second quarter valued at about $78,000. 8.70% of the stock is currently owned by institutional investors.

Idaho Strategic Resources Stock Performance

Shares of Idaho Strategic Resources stock opened at $38.19 on Friday. The firm has a market cap of $603.78 million, a price-to-earnings ratio of 26.89 and a beta of 1.21. The stock’s 50-day moving average is $38.26 and its 200-day moving average is $39.11. Idaho Strategic Resources, Inc. has a one year low of $12.25 and a one year high of $54.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.96 and a quick ratio of 13.70.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $14.48 million during the quarter, compared to the consensus estimate of $14.30 million. Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 26.89%. Equities analysts predict that Idaho Strategic Resources, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Idaho Strategic Resources presently has an average rating of “Strong Buy”.

Idaho Strategic Resources Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.