Insider Selling: Idaho Strategic Resources (NYSEAMERICAN:IDR) CEO Sells $1,303,200.00 in Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 30,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $43.44, for a total value of $1,303,200.00. Following the completion of the transaction, the chief executive officer directly owned 665,778 shares of the company’s stock, valued at approximately $28,921,396.32. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Swallow also recently made the following trade(s):

• On Tuesday, September 23rd, John Swallow sold 87,470 shares of Idaho Strategic Resources stock. The stock was sold at an average price of $30.31, for a total transaction of $2,651,215.70.

Idaho Strategic Resources Price Performance

IDR stock opened at $47.95 on Thursday. The company’s 50-day moving average price is $37.07 and its two-hundred day moving average price is $28.56. The firm has a market cap of $747.54 million, a P/E ratio of 68.50 and a beta of 0.98. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02. Idaho Strategic Resources, Inc. has a 12 month low of $9.67 and a 12 month high of $54.70.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. The business had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. On average, analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Idaho Strategic Resources currently has an average rating of “Buy” and an average price target of $17.50.

Hedge Funds Weigh In On Idaho Strategic Resources

Several large investors have recently bought and sold shares of IDR. Van ECK Associates Corp acquired a new stake in shares of Idaho Strategic Resources during the third quarter valued at about $15,711,000. Brevan Howard Capital Management LP bought a new position in Idaho Strategic Resources in the 3rd quarter valued at approximately $5,616,000. Geode Capital Management LLC boosted its position in Idaho Strategic Resources by 127.1% during the 2nd quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock worth $3,736,000 after buying an additional 159,850 shares during the period. Invesco Ltd. bought a new stake in Idaho Strategic Resources during the 3rd quarter worth approximately $5,351,000. Finally, Thames Capital Management LLC acquired a new position in Idaho Strategic Resources in the 3rd quarter valued at approximately $4,313,000. 8.70% of the stock is currently owned by institutional investors.

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.