Integra Resources (NYSEAMERICAN:ITRG) Sets New 1-Year High – Should You Buy?

Integra Resources Corp. (NYSEAMERICAN:ITRG)’s stock price reached a new 52-week high on Monday . The company traded as high as $4.42 and last traded at $4.2740, with a volume of 8009 shares. The stock had previously closed at $4.30.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ITRG shares. Roth Capital set a $5.75 target price on shares of Integra Resources and gave the company a “buy” rating in a report on Monday, December 8th. HC Wainwright boosted their price objective on Integra Resources from $3.25 to $4.75 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources has a consensus rating of “Buy” and an average target price of $5.25.

Integra Resources Price Performance

The company’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $2.42. The company has a market cap of $682.28 million, a PE ratio of 44.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58.

Institutional Investors Weigh In On Integra Resources

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Integra Resources during the first quarter worth about $34,000. Bank of America Corp DE increased its position in shares of Integra Resources by 336.4% in the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock valued at $41,000 after purchasing an additional 35,997 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Integra Resources in the 3rd quarter valued at $42,000. Jane Street Group LLC acquired a new stake in shares of Integra Resources in the 2nd quarter valued at $48,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Integra Resources during the 2nd quarter worth $53,000. Hedge funds and other 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.