Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Gap Up – Here’s What Happened

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) gapped up before the market opened on Monday . The stock had previously closed at $45.88, but opened at $48.00. Idaho Strategic Resources shares last traded at $48.8950, with a volume of 72,893 shares.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $17.50.

Idaho Strategic Resources Price Performance

The stock has a market cap of $723.84 million, a P/E ratio of 66.26 and a beta of 0.98. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $37.24 and its two-hundred day simple moving average is $27.97.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. Sell-side analysts expect that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Insider Buying and Selling at Idaho Strategic Resources

In related news, CEO John Swallow sold 87,470 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the sale, the chief executive officer directly owned 695,778 shares in the company, valued at approximately $21,089,031.18. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Scott Beaven sold 2,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total value of $69,280.00. Following the sale, the director directly owned 11,183 shares in the company, valued at $387,379.12. This trade represents a 15.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.69% of the company’s stock.

Institutional Investors Weigh In On Idaho Strategic Resources

Several large investors have recently added to or reduced their stakes in IDR. Raymond James Financial Inc. increased its stake in Idaho Strategic Resources by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after acquiring an additional 608 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Idaho Strategic Resources by 7.1% during the third quarter. Citizens Financial Group Inc. RI now owns 15,000 shares of the company’s stock worth $507,000 after purchasing an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Idaho Strategic Resources by 37.7% in the third quarter. Jones Financial Companies Lllp now owns 4,460 shares of the company’s stock worth $150,000 after purchasing an additional 1,220 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Idaho Strategic Resources in the third quarter worth approximately $47,000. Finally, Russell Investments Group Ltd. purchased a new stake in Idaho Strategic Resources in the third quarter valued at approximately $48,000. Institutional investors own 8.70% of the company’s stock.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.