Integra Resources (NYSEAMERICAN:ITRG) Shares Gap Down – Should You Sell?

Integra Resources Corp. (NYSEAMERICAN:ITRG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.24, but opened at $4.06. Integra Resources shares last traded at $4.0750, with a volume of 365,383 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ITRG shares. Canaccord Genuity Group started coverage on Integra Resources in a report on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price target for the company. HC Wainwright reaffirmed a “buy” rating and set a $5.00 target price (up previously from $4.75) on shares of Integra Resources in a research note on Friday, December 19th. Finally, Roth Capital reiterated a “buy” rating and issued a $6.50 target price on shares of Integra Resources in a report on Wednesday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Integra Resources has a consensus rating of “Buy” and an average target price of $6.92.

Integra Resources Stock Up 1.2%

The company has a market capitalization of $760.32 million, a P/E ratio of 46.12 and a beta of 0.75. The company has a current ratio of 1.58, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $3.77 and its 200 day moving average is $2.81.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Brookstone Capital Management bought a new stake in shares of Integra Resources in the 4th quarter worth approximately $41,000. Wealth Enhancement Advisory Services LLC purchased a new position in Integra Resources during the 3rd quarter valued at $42,000. Prime Capital Investment Advisors LLC bought a new position in Integra Resources in the 3rd quarter worth $58,000. Susquehanna International Group LLP bought a new position in Integra Resources in the 3rd quarter worth $60,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Integra Resources in the 3rd quarter worth about $76,000. Hedge funds and other institutional investors 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.