Integra Resources (NYSEAMERICAN:ITRG) Hits New 52-Week High – Here’s What Happened

Integra Resources Corp. (NYSEAMERICAN:ITRG)’s share price hit a new 52-week high on Monday . The company traded as high as $4.87 and last traded at $4.7830, with a volume of 790719 shares. The stock had previously closed at $4.61.

Analyst Ratings Changes

A number of research analysts have commented on the company. Roth Mkm restated a “buy” rating and set a $6.50 price objective on shares of Integra Resources in a research note on Wednesday, January 14th. HC Wainwright restated a “buy” rating and issued a $5.00 price target (up previously from $4.75) on shares of Integra Resources in a report on Friday, December 19th. Finally, Canaccord Genuity Group began coverage on shares of Integra Resources in a research note on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price objective on the stock. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $6.92.

Integra Resources Stock Up 0.6%

The stock has a market capitalization of $849.91 million, a P/E ratio of 51.73 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 50 day simple moving average is $3.90 and its 200 day simple moving average is $2.93.

Institutional Trading of Integra Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management acquired a new position in shares of Integra Resources in the 4th quarter worth approximately $41,000. FNY Investment Advisers LLC acquired a new position in Integra Resources in the third quarter worth $141,000. NewEdge Advisors LLC increased its stake in Integra Resources by 4,679.1% during the third quarter. NewEdge Advisors LLC now owns 41,769 shares of the company’s stock valued at $123,000 after purchasing an additional 40,895 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Integra Resources by 295.7% during the third quarter. XTX Topco Ltd now owns 198,102 shares of the company’s stock worth $584,000 after purchasing an additional 148,039 shares during the period. Finally, Virtus Advisers LLC bought a new position in shares of Integra Resources in the 3rd quarter worth about $179,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

About Integra Resources

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.