Navellier & Associates Inc. Has $5.14 Million Stock Position in Idaho Strategic Resources, Inc. $IDR

Navellier & Associates Inc. lifted its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 42.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,851 shares of the company’s stock after acquiring an additional 46,970 shares during the quarter. Navellier & Associates Inc. owned approximately 0.99% of Idaho Strategic Resources worth $5,137,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Idaho Strategic Resources in the fourth quarter worth about $38,000. Rockefeller Capital Management L.P. bought a new stake in Idaho Strategic Resources during the 4th quarter worth about $40,000. International Assets Investment Management LLC lifted 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 valued at $34,000 after purchasing an additional 500 shares during the period. Global Assets Advisory LLC acquired a new position in Idaho Strategic Resources during the 1st quarter valued at about $45,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Idaho Strategic Resources in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Idaho Strategic Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Idaho Strategic Resources currently has a consensus rating of “Hold”.

Idaho Strategic Resources Stock Down 4.4%

Shares of Idaho Strategic Resources stock opened at $32.33 on Friday. The company has a quick ratio of 11.66, a current ratio of 12.17 and a debt-to-equity ratio of 0.01. Idaho Strategic Resources, Inc. has a 12 month low of $26.02 and a 12 month high of $54.70. The business has a fifty day simple moving average of $31.43 and a 200 day simple moving average of $35.69. The stock has a market cap of $511.78 million, a PE ratio of 22.30 and a beta of 1.23.

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

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.