HC Wainwright Issues Pessimistic Forecast for Integra Resources (NYSEAMERICAN:ITRG) Stock Price

Integra Resources (NYSEAMERICAN:ITRG) had its target price lowered by investment analysts at HC Wainwright from $3.75 to $2.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 143.61% from the company’s previous close.

A number of other equities analysts also recently commented on ITRG. Cormark raised Integra Resources to a “moderate buy” rating in a research report on Monday, November 11th. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

Integra Resources Stock Down 1.5 %

ITRG opened at $0.82 on Wednesday. Integra Resources has a 12 month low of $0.64 and a 12 month high of $1.28. The firm has a market cap of $138.40 million, a P/E ratio of -2.49 and a beta of 1.35.

Institutional Trading of Integra Resources

An institutional investor recently bought a new position in Integra Resources stock. The Manufacturers Life Insurance Company acquired a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,217,846 shares of the company’s stock, valued at approximately $1,189,000. The Manufacturers Life Insurance Company owned approximately 1.38% of Integra Resources at the end of the most recent quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.