Integra Resources (NYSEAMERICAN:ITRG) Price Target Raised to $7.25 at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its price objective raised by stock analysts at HC Wainwright from $5.00 to $7.25 in a note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 63.84% from the company’s previous close.

ITRG has been the topic of several other research reports. Canaccord Genuity Group started coverage on shares of Integra Resources in a report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 price target on the stock. Roth Mkm set a $7.00 target price on shares of Integra Resources in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $7.83.

Integra Resources Trading Down 0.3%

Shares of Integra Resources stock traded down $0.02 during trading hours on Wednesday, reaching $4.43. The stock had a trading volume of 1,753,173 shares, compared to its average volume of 2,525,892. The firm has a market capitalization of $810.70 million, a price-to-earnings ratio of 49.45 and a beta of 0.75. Integra Resources has a 1 year low of $1.01 and a 1 year high of $4.87. 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 firm has a 50 day simple moving average of $3.96 and a two-hundred day simple moving average of $2.97.

Institutional Investors Weigh In On Integra Resources

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