HC Wainwright Begins Coverage on Integra Resources (NYSEMKT:ITRG)

HC Wainwright initiated coverage on shares of Integra Resources (NYSEMKT:ITRG) in a research report report published on Monday morning, The Fly reports. The brokerage issued a buy rating and a $7.25 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Integra Resources from a hold rating to a sell rating in a research note on Tuesday, April 13th. Desjardins began coverage on shares of Integra Resources in a report on Friday, May 21st. They issued a buy rating on the stock. Finally, Stifel Nicolaus began coverage on shares of Integra Resources in a report on Thursday, May 20th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Integra Resources currently has a consensus rating of Buy and an average price target of $7.25.

ITRG stock opened at $3.35 on Monday. The company has a market cap of $183.58 million, a PE ratio of -6.98 and a beta of 1.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.48 and a current ratio of 4.48.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in Integra Resources by 0.3% during the 1st quarter. Royal Bank of Canada now owns 2,049,748 shares of the company’s stock worth $5,555,000 after buying an additional 5,414 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Integra Resources by 10.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,006,485 shares of the company’s stock valued at $2,723,000 after purchasing an additional 96,112 shares during the last quarter. Merk Investments LLC purchased a new stake in shares of Integra Resources in the 1st quarter valued at approximately $649,000. Finally, Polygon Management Ltd. increased its position in shares of Integra Resources by 84.4% in the 1st quarter. Polygon Management Ltd. now owns 830,055 shares of the company’s stock valued at $2,247,000 after purchasing an additional 380,000 shares during the last quarter. 24.68% of the stock is currently owned by hedge funds and other institutional investors.

Integra Resources Company Profile

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. The company primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 748 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,100 hectares located in the Owyhee County, south western Idaho.

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