Renaissance Technologies LLC Acquires Shares of 21,048 Idaho Strategic Resources, Inc. $IDR

Renaissance Technologies LLC purchased a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,048 shares of the company’s stock, valued at approximately $676,000. Renaissance Technologies LLC owned 0.13% of Idaho Strategic Resources as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in Idaho Strategic Resources by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Idaho Strategic Resources during the 4th quarter valued at about $38,000. Rockefeller Capital Management L.P. purchased a new position in Idaho Strategic Resources during the 4th quarter valued at about $40,000. Global Assets Advisory LLC bought a new stake in shares of Idaho Strategic Resources during the first quarter valued at about $45,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Idaho Strategic Resources in the third quarter worth about $47,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Idaho Strategic Resources presently has an average rating of “Moderate Buy”.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN IDR opened at $31.89 on Monday. The stock’s 50-day moving average is $32.03 and its 200 day moving average is $36.11. The stock has a market cap of $504.82 million, a price-to-earnings ratio of 21.99 and a beta of 1.23. Idaho Strategic Resources, Inc. has a 1-year low of $22.31 and a 1-year high of $54.70. The company has a current ratio of 12.17, a quick ratio of 11.66 and a debt-to-equity ratio of 0.01.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $10.73 million for the quarter, compared to the consensus estimate of $12.50 million. Idaho Strategic Resources had a net margin of 44.00% and a return on equity of 20.81%. On average, sell-side analysts anticipate that Idaho Strategic Resources, Inc. will post 1.38 EPS for the current fiscal year.

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.