U S Global Investors Inc. Purchases 2,401,982 Shares of Integra Resources Corp. $ITRG

U S Global Investors Inc. purchased a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,401,982 shares of the company’s stock, valued at approximately $6,173,000.

Other hedge funds also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. acquired a new position in shares of Integra Resources in the 1st quarter valued at $7,195,000. BlackRock Inc. bought a new stake in Integra Resources in the second quarter valued at about $3,939,000. Renaissance Technologies LLC increased its stake in Integra Resources by 287.8% in the first quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock valued at $5,725,000 after acquiring an additional 1,556,199 shares during the period. Bank of America Corp DE bought a new stake in Integra Resources in the second quarter valued at about $2,569,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Integra Resources in the second quarter valued at about $2,505,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Roth Capital set a $5.00 price target on shares of Integra Resources in a research report on Monday, July 27th. HC Wainwright reaffirmed a “buy” rating and set a $6.75 price objective on shares of Integra Resources in a report on Wednesday, October 14th. Finally, Zacks Research raised Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Integra Resources Stock Performance

Shares of NYSEAMERICAN:ITRG opened at $2.26 on Friday. The business’s fifty day moving average price is $2.69 and its two-hundred day moving average price is $2.59. Integra Resources Corp. has a fifty-two week low of $1.99 and a fifty-two week high of $4.87. The stock has a market capitalization of $458.51 million, a price-to-earnings ratio of 56.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.31 and a quick ratio of 3.42.

Integra Resources (NYSEAMERICAN:ITRG) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $69.42 million for the quarter, compared to analyst estimates of $82.69 million. Integra Resources had a return on equity of 26.86% and a net margin of 4.14%. As a group, analysts predict that Integra Resources Corp. will post 0.27 EPS for the current fiscal year.

Integra Resources Profile

Integra Resources Corp. is a precious metals exploration and development company focused on gold and silver projects in the western United States. The company’s activities include mineral exploration, resource evaluation, project permitting and the advancement of potential mining operations.

Integra’s flagship asset is the DeLamar Project in southwestern Idaho, which includes the historic DeLamar and Florida Mountain mining areas. The district was previously mined for gold and silver, and Integra has worked to assess its remaining mineral resources and evaluate the potential for redevelopment using modern mining and processing methods.

The company has also pursued exploration and development opportunities in Nevada, including the Nevada North Project.