Integra Resources Corp. $ITRG Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. grew its position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 824.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,386,127 shares of the company’s stock after purchasing an additional 1,236,127 shares during the period. U S Global Investors Inc.’s holdings in Integra Resources were worth $5,558,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ITRG. Bank of America Corp DE increased its position in shares of Integra Resources by 336.4% during 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 period. Goldman Sachs Group Inc. increased its position in shares of Integra Resources by 26.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock valued at $393,000 after purchasing an additional 66,002 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Integra Resources during the 2nd quarter valued at $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Integra Resources during the 2nd quarter valued at $7,106,000. Finally, Raymond James Financial Inc. increased its position in shares of Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock valued at $76,000 after purchasing an additional 16,611 shares during the period. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ITRG shares. Canaccord Genuity Group started coverage on Integra Resources in a research report on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price target on the stock. Roth Mkm set a $7.00 price target on Integra Resources in a research report on Tuesday, January 27th. Finally, HC Wainwright decreased their target price on Integra Resources from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $7.75.

Integra Resources Stock Performance

Shares of NYSEAMERICAN ITRG opened at $2.96 on Friday. The business’s 50-day moving average price is $3.28 and its two-hundred day moving average price is $3.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 1.94. Integra Resources Corp. has a one year low of $1.41 and a one year high of $4.87. The company has a market capitalization of $598.66 million, a P/E ratio of -296.00 and a beta of 0.91.

Integra Resources Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.