Idaho Strategic Resources (NYSEAMERICAN:IDR) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Idaho Strategic Resources (NYSEAMERICAN:IDR) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, Roth Mkm reiterated a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Idaho Strategic Resources currently has a consensus rating of “Strong Buy” and an average target price of $17.50.

Idaho Strategic Resources Trading Up 4.5%

Shares of NYSEAMERICAN:IDR opened at $33.55 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.70 and a current ratio of 13.96. The stock has a market capitalization of $530.43 million, a price-to-earnings ratio of 29.43 and a beta of 1.05. Idaho Strategic Resources has a 1-year low of $12.20 and a 1-year high of $54.70. The company has a 50 day moving average price of $36.93 and a 200 day moving average price of $37.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Euro Pacific Asset Management LLC acquired a new stake in shares of Idaho Strategic Resources during the fourth quarter valued at approximately $32,782,035,000. State Street Corp boosted its stake in Idaho Strategic Resources by 243.1% in the 4th quarter. State Street Corp now owns 890,401 shares of the company’s stock worth $35,883,000 after purchasing an additional 630,891 shares during the period. Vanguard Group Inc. boosted its stake in Idaho Strategic Resources by 10.6% in the 3rd quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after purchasing an additional 69,639 shares during the period. Van ECK Associates Corp grew its position in Idaho Strategic Resources by 5.9% during the 4th quarter. Van ECK Associates Corp now owns 492,621 shares of the company’s stock worth $19,853,000 after purchasing an additional 27,663 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Idaho Strategic Resources by 14.9% during the 4th quarter. Geode Capital Management LLC now owns 343,036 shares of the company’s stock valued at $13,827,000 after purchasing an additional 44,568 shares during the period. 8.70% of the stock is 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.