Idaho Strategic Resources, Inc. $IDR Shares Sold by Stonebridge Wealth Management LLC

Stonebridge Wealth Management LLC cut its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 73.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,740 shares of the company’s stock after selling 18,345 shares during the period. Stonebridge Wealth Management LLC’s holdings in Idaho Strategic Resources were worth $228,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IDR. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Idaho Strategic Resources in the second quarter valued at $39,000. AlphaQuest LLC boosted its stake in Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock worth $52,000 after buying an additional 3,907 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Idaho Strategic Resources in the 2nd quarter worth about $78,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Idaho Strategic Resources in the 2nd quarter valued at about $90,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Idaho Strategic Resources during the 2nd quarter valued at about $98,000. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Insider Activity at Idaho Strategic Resources

In other news, Director Richard Scott Beaven sold 2,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total value of $69,280.00. Following the completion of the sale, the director owned 11,183 shares of the company’s stock, valued at $387,379.12. This represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Swallow sold 30,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $43.44, for a total transaction of $1,303,200.00. Following the completion of the transaction, the chief executive officer directly owned 665,778 shares in the company, valued at approximately $28,921,396.32. This represents a 4.31% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.69% of the company’s stock.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock opened at $45.32 on Friday. The business’s fifty day moving average price is $37.27 and its 200 day moving average price is $29.02. Idaho Strategic Resources, Inc. has a twelve month low of $9.67 and a twelve month high of $54.70. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $706.54 million, a P/E ratio of 64.74 and a beta of 0.98.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%.The company had revenue of $11.08 million for the quarter, compared to the consensus estimate of $9.40 million. As a group, research analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $17.50.

About Idaho Strategic Resources

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.