Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Up 5.2% – Here’s Why

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price was up 5.2% during trading on Wednesday . The stock traded as high as $35.30 and last traded at $34.6750. 89,475 shares were traded during mid-day trading, a decline of 71% from the average session volume of 311,624 shares. The stock had previously closed at $32.95.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Idaho Strategic Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Idaho Strategic Resources Price Performance

The stock has a market capitalization of $525.64 million, a price-to-earnings ratio of 22.90 and a beta of 1.23. The company has a quick ratio of 11.66, a current ratio of 12.17 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $31.59 and a 200-day moving average of $35.75.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Idaho Strategic Resources had a return on equity of 20.81% and a net margin of 44.00%.The company had revenue of $10.73 million for the quarter, compared to analyst estimates of $12.50 million. On average, equities research analysts predict that Idaho Strategic Resources, Inc. will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Prospera Financial Services Inc raised its position in Idaho Strategic Resources by 4.6% in the 4th quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock valued at $340,000 after purchasing an additional 373 shares during the last quarter. International Assets Investment Management LLC grew its position in Idaho Strategic Resources by 100.0% during the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares during the last quarter. Raymond James Financial Inc. grew its position in Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after purchasing an additional 608 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in Idaho Strategic Resources by 0.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 207,220 shares of the company’s stock valued at $6,656,000 after purchasing an additional 855 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Idaho Strategic Resources in the fourth quarter valued at $38,000. 8.70% of the stock is owned by hedge funds and other institutional investors.

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.