Integra Resources (NYSEAMERICAN:ITRG) Issues Quarterly Earnings Results

Integra Resources (NYSEAMERICAN:ITRG) announced its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06, Zacks reports. Integra Resources had a return on equity of 26.86% and a net margin of 4.14%.

Integra Resources Price Performance

Integra Resources stock traded down $0.08 during midday trading on Wednesday, reaching $2.10. The company’s stock had a trading volume of 1,240,189 shares, compared to its average volume of 2,646,844. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. The stock has a market cap of $426.05 million, a PE ratio of 52.51 and a beta of 0.88. Integra Resources has a 52 week low of $1.99 and a 52 week high of $4.87. The business has a 50-day moving average price of $2.52 and a 200-day moving average price of $2.80.

Analysts Set New Price Targets

ITRG has been the topic of several analyst reports. HC Wainwright reduced their target price on Integra Resources from $6.75 to $6.50 and set a “buy” rating on the stock in a report on Friday, October 23rd. Roth Capital set a $5.00 price target on Integra Resources in a research note on Monday, July 27th. Finally, Zacks Research raised Integra Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.92.

Integra Resources Company Profile

Integra Resources Corp. is a Canadian mining company focused on exploring, developing and operating precious-metals projects in the western United States. Its activities include gold and silver production, project development and mineral exploration. The company operates the Florida Canyon Mine in Nevada and is advancing the DeLamar project in Idaho, a gold-and-silver development project. Integra also holds exploration properties in Nevada, including the Wildcat and Mountain View projects. Integra expanded its portfolio through its 2024 acquisition of Florida Canyon Gold, which brought the Florida Canyon operation into the company.