Integra Resources (NYSEAMERICAN:ITRG) Price Target Raised to $2.75 at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its price objective raised by HC Wainwright from $2.00 to $2.75 in a research note released on Thursday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Integra Resources Stock Down 6.1 %

Shares of NYSEAMERICAN:ITRG opened at $1.24 on Thursday. The stock has a market cap of $209.03 million, a PE ratio of -3.76 and a beta of 1.37. Integra Resources has a 12 month low of $0.71 and a 12 month high of $1.38.

Hedge Funds Weigh In On Integra Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new position in Integra Resources during the 3rd quarter valued at $1,189,000. Sprott Inc. boosted its stake in shares of Integra Resources by 107.6% during the 4th quarter. Sprott Inc. now owns 1,411,459 shares of the company’s stock valued at $1,227,000 after purchasing an additional 731,624 shares in the last quarter. Equinox Partners Investment Management LLC increased its position in shares of Integra Resources by 4.4% during the fourth quarter. Equinox Partners Investment Management LLC now owns 9,190,138 shares of the company’s stock valued at $7,922,000 after buying an additional 386,675 shares during the period. Ruffer LLP raised its stake in Integra Resources by 89.9% in the fourth quarter. Ruffer LLP now owns 3,126,053 shares of the company’s stock worth $2,697,000 after buying an additional 1,480,000 shares in the last quarter. Finally, MMCAP International Inc. SPC purchased a new stake in Integra Resources in the fourth quarter worth about $270,000. Institutional investors own 26.67% of the company’s stock.

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.