Idaho Strategic Resources, Inc. $IDR Shares Sold by Stonebridge Wealth Management LLC

Stonebridge Wealth Management LLC decreased its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 73.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,740 shares of the company’s stock after selling 18,345 shares during the period. Stonebridge Wealth Management LLC’s holdings in Idaho Strategic Resources were worth $228,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position 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 valued at $618,000 after buying an additional 608 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Idaho Strategic Resources by 21.7% in the second quarter. Citizens Financial Group Inc. RI now owns 14,000 shares of the company’s stock valued at $183,000 after purchasing an additional 2,500 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Idaho Strategic Resources by 42.8% in the second quarter. Osaic Holdings Inc. now owns 8,604 shares of the company’s stock valued at $113,000 after purchasing an additional 2,579 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Idaho Strategic Resources by 6.5% during the 3rd quarter. Salem Investment Counselors Inc. now owns 47,455 shares of the company’s stock valued at $1,604,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in Idaho Strategic Resources during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reiterated a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $17.50.

Insider Transactions at Idaho Strategic Resources

In related news, Director Richard Scott Beaven sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total transaction of $69,280.00. Following the completion of the sale, the director owned 11,183 shares of the company’s stock, valued at $387,379.12. This represents a 15.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Swallow sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $43.44, for a total value of $1,303,200.00. Following the transaction, the chief executive officer directly owned 665,778 shares of the company’s stock, valued at $28,921,396.32. This trade represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.69% of the stock is owned by corporate insiders.

Idaho Strategic Resources Stock Performance

Shares of IDR stock opened at $45.32 on Friday. The stock has a market capitalization of $706.54 million, a price-to-earnings ratio of 64.74 and a beta of 0.98. Idaho Strategic Resources, Inc. has a one year low of $9.67 and a one year high of $54.70. The company’s 50-day simple moving average is $37.27 and its 200-day simple moving average is $29.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55.

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

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.