Integra Resources (NYSEAMERICAN:ITRG) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Integra Resources (NYSEAMERICAN:ITRG) in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage issued a moderate buy rating and a $9.25 price objective on the stock.

A number of other research firms have also recently weighed in on ITRG. Roth Capital reissued a “buy” rating and issued a $6.00 price objective on shares of Integra Resources in a research report on Thursday, December 18th. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target (up previously from $4.75) on shares of Integra Resources in a research note on Friday, December 19th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Integra Resources presently has a consensus rating of “Buy” and a consensus price target of $6.92.

Integra Resources Trading Down 2.1%

NYSEAMERICAN ITRG opened at $4.24 on Monday. The company’s 50 day moving average price is $3.71 and its 200 day moving average price is $2.78. Integra Resources has a one year low of $0.79 and a one year high of $4.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58. The firm has a market capitalization of $717.83 million, a price-to-earnings ratio of 47.12 and a beta of 0.75.

Institutional Investors Weigh In On Integra Resources

A number of institutional investors have recently modified their holdings of ITRG. Franklin Resources Inc. lifted its holdings in shares of Integra Resources by 0.8% during the 2nd quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock valued at $17,945,000 after buying an additional 100,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Integra Resources by 39.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company’s stock worth $19,195,000 after buying an additional 1,871,042 shares during the last quarter. Bank of America Corp DE raised its position in Integra Resources by 60.9% during the third quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock valued at $11,229,000 after acquiring an additional 1,440,789 shares in the last quarter. Two Sigma Investments LP lifted its stake in Integra Resources by 986.2% in the third quarter. Two Sigma Investments LP now owns 938,394 shares of the company’s stock valued at $2,768,000 after acquiring an additional 852,003 shares during the last quarter. Finally, Millennium Management LLC grew its position in Integra Resources by 58.0% in the third quarter. Millennium Management LLC now owns 708,954 shares of the company’s stock worth $2,083,000 after acquiring an additional 260,157 shares in the last quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.