Idaho Strategic Resources (NYSEAMERICAN:IDR) Issues Quarterly Earnings Results

Idaho Strategic Resources (NYSEAMERICAN:IDR) posted its quarterly earnings data on Wednesday. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01, FiscalAI reports. The company had revenue of $11.08 million during the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a net margin of 29.13% and a return on equity of 20.81%.

Idaho Strategic Resources Trading Up 4.9%

Shares of NYSEAMERICAN:IDR traded up $1.56 during midday trading on Wednesday, hitting $33.56. 403,154 shares of the stock were exchanged, compared to its average volume of 411,223. The business’s 50-day moving average price is $34.03 and its 200 day moving average price is $23.20. Idaho Strategic Resources has a 12 month low of $9.67 and a 12 month high of $54.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.78 and a current ratio of 5.11. The stock has a market capitalization of $523.20 million, a price-to-earnings ratio of 51.63 and a beta of 0.72.

Insider Buying and Selling at Idaho Strategic Resources

In other news, CEO John Swallow sold 87,470 shares of Idaho Strategic Resources stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the transaction, the chief executive officer owned 695,778 shares in the company, valued at approximately $21,089,031.18. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert John Morgan sold 7,143 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $30.52, for a total transaction of $218,004.36. Following the completion of the sale, the vice president directly owned 33,796 shares in the company, valued at approximately $1,031,453.92. This represents a 17.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 144,613 shares of company stock valued at $4,044,720 in the last ninety days. Insiders own 8.69% of the company’s stock.

Hedge Funds Weigh In On Idaho Strategic Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Idaho Strategic Resources by 127.1% during the second quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock worth $3,736,000 after acquiring an additional 159,850 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Idaho Strategic Resources by 12.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 58,666 shares of the company’s stock worth $1,983,000 after purchasing an additional 6,710 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at about $1,008,000. Goldman Sachs Group Inc. grew its stake in shares of Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock valued at $746,000 after buying an additional 9,298 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after buying an additional 608 shares during the period. 8.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Capital reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $17.50.

Idaho Strategic Resources Company 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.