Integra Resources (CVE:ITR) Reaches New 52-Week High – Still a Buy?

Integra Resources Corp. (CVE:ITR) reached a new 52-week high on Monday . The stock traded as high as C$6.37 and last traded at C$6.36, with a volume of 85321 shares trading hands. The stock had previously closed at C$6.08.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ITR shares. Roth Capital raised Integra Resources to a “strong-buy” rating in a report on Monday, December 8th. Raymond James Financial upped their price target on shares of Integra Resources from C$4.25 to C$5.50 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Integra Resources presently has a consensus rating of “Strong Buy” and an average price target of C$5.00.

Integra Resources Trading Up 3.5%

The company has a 50-day moving average price of C$4.56 and a two-hundred day moving average price of C$3.42. The stock has a market cap of C$1.06 billion, a P/E ratio of 41.93 and a beta of 1.43. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

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.