Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Down 8.5% – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price traded down 8.5% during mid-day trading on Monday . The company traded as low as $35.75 and last traded at $36.3310. 331,472 shares were traded during trading, a decline of 20% from the average session volume of 412,407 shares. The stock had previously closed at $39.69.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Price Performance

The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02. The stock has a market cap of $566.54 million, a P/E ratio of 51.92 and a beta of 0.98. The company’s 50 day moving average price is $35.63 and its 200-day moving average price is $25.04.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings data 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 analyst estimates of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. As a group, sell-side analysts expect that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard Scott Beaven sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total value of $69,280.00. Following the completion of the transaction, the director directly owned 11,183 shares of the company’s stock, valued at $387,379.12. This represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert John Morgan sold 7,143 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $30.52, for a total transaction of $218,004.36. Following the transaction, the vice president directly owned 33,796 shares of the company’s stock, valued at $1,031,453.92. This represents a 17.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 96,613 shares of company stock worth $2,938,500. Insiders own 8.69% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

A number of institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Idaho Strategic Resources during the 2nd quarter worth approximately $39,000. Newbridge Financial Services Group Inc. bought a new position in shares of Idaho Strategic Resources in the third quarter worth approximately $47,000. Russell Investments Group Ltd. bought a new stake in shares of Idaho Strategic Resources during the third quarter valued at approximately $48,000. AlphaQuest LLC lifted its position in Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after acquiring an additional 3,907 shares in the last quarter. Finally, Caitlin John LLC purchased a new stake in Idaho Strategic Resources during the 3rd quarter valued at $53,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

Idaho Strategic Resources Company Profile

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.