Integra Resources (CVE:ITR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Integra Resources (CVE:ITR) had its price target lifted by equities researchers at Stifel Nicolaus from C$7.00 to C$8.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 30.08% from the stock’s current price.

Several other equities analysts have also commented on ITR. Roth Capital raised Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. Raymond James Financial upped their target price on shares of Integra Resources from C$4.25 to C$5.50 in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$6.75.

Integra Resources Trading Up 1.2%

ITR traded up C$0.07 during trading hours on Monday, reaching C$6.15. The company’s stock had a trading volume of 253,163 shares, compared to its average volume of 506,031. The stock has a market cap of C$1.04 billion, a PE ratio of 41.00 and a beta of 1.43. Integra Resources has a fifty-two week low of C$1.12 and a fifty-two week high of C$6.44. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The business’s 50-day moving average is C$4.56 and its 200-day moving average is C$3.42.

Integra Resources Company Profile

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.