Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Gap Down – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) shares gapped down prior to trading on Friday . The stock had previously closed at $32.16, but opened at $28.63. Idaho Strategic Resources shares last traded at $33.5740, with a volume of 162,853 shares changing hands.

Analysts Set New Price Targets

Separately, Roth Capital restated a “buy” rating on shares of Idaho Strategic Resources in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $17.50.

Idaho Strategic Resources Trading Up 5.4%

The business has a fifty day moving average price of $34.21 and a two-hundred day moving average price of $23.33. The company has a current ratio of 5.11, a quick ratio of 4.78 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $528.58 million, a PE ratio of 48.48 and a beta of 0.72.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its earnings results on Wednesday, November 12th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $11.08 million for the quarter, compared to analysts’ expectations of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 21.91%. Analysts expect that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current fiscal year.

Insider Activity at Idaho Strategic Resources

In other news, VP Robert John Morgan sold 7,143 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $30.52, for a total transaction of $218,004.36. Following the completion of the transaction, the vice president directly owned 33,796 shares in the company, valued at $1,031,453.92. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Swallow sold 87,470 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $30.31, for a total value of $2,651,215.70. Following the completion of the sale, the chief executive officer owned 695,778 shares in the company, valued at $21,089,031.18. This represents a 11.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 144,613 shares of company stock valued at $4,044,720 in the last quarter. 8.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

Several institutional investors have recently bought and sold shares of IDR. Jefferies Financial Group Inc. increased its stake in Idaho Strategic Resources by 5.7% during the first quarter. Jefferies Financial Group Inc. now owns 19,347 shares of the company’s stock worth $277,000 after purchasing an additional 1,047 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in Idaho Strategic Resources during the 1st quarter worth approximately $165,000. National Bank of Canada FI purchased a new position in Idaho Strategic Resources in the 1st quarter valued at approximately $258,000. American Century Companies Inc. grew its stake in shares of Idaho Strategic Resources by 25.1% in the first quarter. American Century Companies Inc. now owns 20,692 shares of the company’s stock worth $296,000 after acquiring an additional 4,149 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Idaho Strategic Resources by 41.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 46,200 shares of the company’s stock worth $661,000 after acquiring an additional 13,600 shares during the period. 8.70% of the stock is owned by institutional investors and hedge funds.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.