Integra Resources (NYSEAMERICAN:ITRG) Shares Gap Up – Here’s What Happened

Integra Resources Corp. (NYSEAMERICAN:ITRG) gapped up prior to trading on Friday . The stock had previously closed at $3.11, but opened at $3.26. Integra Resources shares last traded at $3.20, with a volume of 470,454 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.25 price target on shares of Integra Resources in a research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $3.25.

Integra Resources Stock Performance

The company has a 50-day moving average of $2.26 and a 200 day moving average of $1.80. 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 firm has a market capitalization of $532.35 million, a PE ratio of 52.50 and a beta of 0.84.

Hedge Funds Weigh In On Integra Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITRG. Jane Street Group LLC purchased a new position in Integra Resources during the fourth quarter worth about $42,000. Bank of America Corp DE lifted its stake in Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after purchasing an additional 35,997 shares during the last quarter. Citadel Advisors LLC lifted its stake in Integra Resources by 173.9% during the fourth quarter. Citadel Advisors LLC now owns 68,392 shares of the company’s stock worth $59,000 after purchasing an additional 43,421 shares during the last quarter. Millennium Management LLC bought a new stake in Integra Resources during the fourth quarter worth about $39,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Integra Resources during the first quarter worth about $30,000. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

About Integra Resources

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.