Integra Resources (NYSEAMERICAN:ITRG) Stock Keeps “Buy” Rating at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report released on Wednesday, Benzinga reports. They currently have a $6.75 target price on the stock. HC Wainwright’s target price points to a potential upside of 190.32% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Research upgraded shares of Integra Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Roth Capital set a $5.00 price objective on shares of Integra Resources in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.00.

Integra Resources Trading Down 6.2%

Integra Resources stock traded down $0.16 during trading on Wednesday, reaching $2.33. The company had a trading volume of 568,938 shares, compared to its average volume of 2,750,297. Integra Resources has a 12-month low of $1.99 and a 12-month high of $4.87. The stock’s 50 day moving average price is $2.72 and its two-hundred day moving average price is $2.61. The firm has a market capitalization of $471.70 million, a price-to-earnings ratio of 58.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31.

Integra Resources (NYSEAMERICAN:ITRG) last released its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Integra Resources had a net margin of 4.14% and a return on equity of 26.86%. The company had revenue of $69.42 million during the quarter, compared to analysts’ expectations of $82.69 million. As a group, equities analysts expect that Integra Resources will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Castleview Partners LLC boosted its stake in shares of Integra Resources by 23.1% in the third quarter. Castleview Partners LLC now owns 32,000 shares of the company’s stock valued at $82,000 after purchasing an additional 6,000 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Integra Resources during the 4th quarter valued at $29,000. Engineers Gate Manager LP boosted its stake in Integra Resources by 21.7% during the 2nd quarter. Engineers Gate Manager LP now owns 56,508 shares of the company’s stock valued at $128,000 after acquiring an additional 10,093 shares during the last quarter. GTS Securities LLC bought a new position in Integra Resources during the 2nd quarter valued at $26,000. Finally, Tacita Capital Inc bought a new position in Integra Resources during the 2nd quarter valued at $31,000. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

Integra Resources Company Profile

Integra Resources Corp. is a precious metals exploration and development company focused on advancing gold and silver projects in the United States. The company’s primary asset is the DeLamar Project in southwestern Idaho, which includes the DeLamar and Florida Mountain deposits in Owyhee County.

DeLamar is a past-producing mining district with existing mineral resources and infrastructure from historical operations. Integra is evaluating the project’s potential through exploration, technical studies, permitting and mine-development planning, with the goal of establishing a modern open-pit mining and processing operation.