Integra Resources (CVE:ITR) Sets New 12-Month High – Time to Buy?

Shares of Integra Resources Corp. (CVE:ITR) hit a new 52-week high on Friday . The company traded as high as C$6.42 and last traded at C$6.27, with a volume of 471094 shares changing hands. The stock had previously closed at C$6.17.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ITR shares. Stifel Nicolaus boosted their price target on Integra Resources from C$7.00 to C$8.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Roth Mkm raised Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. Raymond James Financial increased their target price on shares of Integra Resources from C$4.25 to C$5.50 in a report on Friday, October 10th. Finally, Canaccord Genuity Group set a C$9.25 price target on shares of Integra Resources and gave the company a “moderate buy” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$7.58.

Integra Resources Stock Up 2.6%

The firm has a 50-day simple moving average of C$5.38 and a 200 day simple moving average of C$4.04. The stock has a market capitalization of C$1.15 billion, a P/E ratio of 42.20 and a beta of 1.52. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49.

About Integra Resources

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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.