Pale Fire Capital SE Acquires Shares of 1,054,986 Integra Resources Corp. $ITRG

Pale Fire Capital SE acquired a new position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,054,986 shares of the company’s stock, valued at approximately $2,395,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ITRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Integra Resources by 39.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company’s stock valued at $19,195,000 after purchasing an additional 1,871,042 shares in the last quarter. Van ECK Associates Corp grew its stake in Integra Resources by 2.8% in the second quarter. Van ECK Associates Corp now owns 4,916,009 shares of the company’s stock worth $11,150,000 after purchasing an additional 131,947 shares in the last quarter. Bank of America Corp DE increased its holdings in Integra Resources by 60.9% in the third quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock valued at $11,229,000 after buying an additional 1,440,789 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new stake in Integra Resources in the first quarter valued at about $7,195,000. Finally, Renaissance Technologies LLC increased its holdings in Integra Resources by 287.8% in the first quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock valued at $5,725,000 after buying an additional 1,556,199 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ITRG shares. Roth Capital set a $5.00 target price on Integra Resources in a report on Monday, July 27th. Zacks Research upgraded Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, HC Wainwright reissued a “buy” rating and set a $6.75 price target on shares of Integra Resources in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Integra Resources has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

Integra Resources Stock Performance

Shares of NYSEAMERICAN ITRG opened at $2.80 on Thursday. The company has a quick ratio of 3.42, a current ratio of 5.31 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $2.42 and its two-hundred day moving average price is $2.78. Integra Resources Corp. has a 52-week low of $1.99 and a 52-week high of $4.87. The stock has a market capitalization of $568.04 million, a P/E ratio of 70.02 and a beta of 0.91.

Integra Resources (NYSEAMERICAN:ITRG) last posted its earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $69.42 million for the quarter, compared to the consensus estimate of $82.69 million. Integra Resources had a net margin of 4.14% and a return on equity of 26.86%. As a group, sell-side analysts forecast that Integra Resources Corp. will post 0.28 earnings per share for the current year.

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.