Idaho Strategic Resources (NYSEAMERICAN:IDR) Announces Quarterly Earnings Results

Idaho Strategic Resources (NYSEAMERICAN:IDR) posted its quarterly earnings data on Monday. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43, reports. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. The business had revenue of $14.57 million for the quarter, compared to analysts’ expectations of $11.90 million.

Idaho Strategic Resources Trading Down 2.8%

Shares of IDR stock traded down $0.83 on Tuesday, reaching $28.40. 319,708 shares of the company’s stock were exchanged, compared to its average volume of 425,851. The company’s fifty day simple moving average is $39.11 and its 200 day simple moving average is $37.99. Idaho Strategic Resources has a 52 week low of $12.20 and a 52 week high of $54.70. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $442.76 million, a PE ratio of 40.57 and a beta of 0.87.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $17.50.

Insider Buying and Selling

In related news, CEO John Swallow sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total value of $834,400.00. Following the transaction, the chief executive officer owned 645,778 shares of the company’s stock, valued at $26,941,858.16. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Idaho Strategic Resources

Several large investors have recently added to or reduced their stakes in IDR. Newbridge Financial Services Group Inc. bought a new position in shares of Idaho Strategic Resources during the third quarter valued at approximately $47,000. Russell Investments Group Ltd. bought a new position in Idaho Strategic Resources in the third quarter worth approximately $48,000. Kestra Advisory Services LLC purchased a new stake in Idaho Strategic Resources during the fourth quarter worth $66,000. JPMorgan Chase & Co. purchased a new stake in Idaho Strategic Resources during the second quarter worth $78,000. Finally, BNP Paribas Financial Markets boosted its position in Idaho Strategic Resources by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,513 shares of the company’s stock valued at $85,000 after acquiring an additional 1,444 shares in the last quarter. 8.70% of the stock is owned by hedge funds and other institutional investors.

Idaho Strategic Resources Company Profile

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.