Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Gap Up – Should You Buy?

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) gapped up prior to trading on Monday . The stock had previously closed at $36.39, but opened at $41.50. Idaho Strategic Resources shares last traded at $42.5290, with a volume of 113,805 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, Idaho Strategic Resources currently has a consensus rating of “Strong Buy”.

Idaho Strategic Resources Stock Performance

The stock has a market cap of $643.10 million, a P/E ratio of 28.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48. The company has a fifty day moving average price of $39.63 and a 200 day moving average price of $39.64.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $14.48 million for the quarter, compared to the consensus estimate of $14.30 million. Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%. On average, equities analysts expect that Idaho Strategic Resources, Inc. will post 1.52 EPS for the current year.

Institutional Investors Weigh In On Idaho Strategic Resources

Several institutional investors have recently bought and sold shares of the stock. Prospera Financial Services Inc grew its holdings in Idaho Strategic Resources by 4.6% during the fourth quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock worth $340,000 after buying an additional 373 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Idaho Strategic Resources by 100.0% during the first quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after buying an additional 500 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Idaho Strategic Resources by 1.3% during the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after buying an additional 608 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in Idaho Strategic Resources by 0.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 207,220 shares of the company’s stock worth $6,656,000 after buying an additional 855 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Idaho Strategic Resources during the fourth quarter worth $38,000. Institutional investors own 8.70% of the company’s stock.

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.