Integra Resources (NYSEAMERICAN:ITRG) Stock Price Expected to Rise, KeyCorp Analyst Says

Integra Resources (NYSEAMERICAN:ITRG) had its target price boosted by stock analysts at KeyCorp from $99.00 to $104.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock.

ITRG has been the subject of several other reports. Roth Capital reissued a “buy” rating and issued a $6.00 price objective on shares of Integra Resources in a research note on Monday, June 29th. Zacks Research lowered shares of Integra Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Finally, HC Wainwright reiterated a “buy” rating on shares of Integra Resources in a report on Friday, June 26th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Integra Resources presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Integra Resources Stock Performance

ITRG stock opened at $2.06 on Tuesday. Integra Resources has a 12-month low of $1.43 and a 12-month high of $4.87. The business’s 50-day moving average is $2.44 and its 200 day moving average is $3.12. The company has a current ratio of 4.96, a quick ratio of 3.17 and a debt-to-equity ratio of 0.10. The stock has a market cap of $417.71 million, a price-to-earnings ratio of 51.51 and a beta of 0.85.

Hedge Funds Weigh In On Integra Resources

A number of institutional investors have recently bought and sold shares of ITRG. Bank of America Corp DE boosted its holdings in 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. Goldman Sachs Group Inc. raised 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 buying an additional 66,002 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Integra Resources during the 2nd quarter valued at approximately $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Integra Resources in the second quarter valued at approximately $7,106,000. Finally, Raymond James Financial Inc. lifted its holdings in Integra Resources by 48.7% in the second quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock valued at $76,000 after acquiring an additional 16,611 shares during the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

About Integra Resources

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.