Navellier & Associates Inc. Purchases 46,970 Shares of Idaho Strategic Resources, Inc. $IDR

Navellier & Associates Inc. grew its position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 42.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 156,851 shares of the company’s stock after buying an additional 46,970 shares during the period. Navellier & Associates Inc.’s holdings in Idaho Strategic Resources were worth $5,137,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IDR. International Assets Investment Management LLC increased its position in shares of 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 valued at $34,000 after buying an additional 500 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Idaho Strategic Resources during the fourth quarter worth about $38,000. Rockefeller Capital Management L.P. bought a new position in Idaho Strategic Resources during the fourth quarter worth about $40,000. Global Assets Advisory LLC acquired a new position in Idaho Strategic Resources in the first quarter valued at about $45,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Idaho Strategic Resources in the third quarter valued at about $47,000. Institutional investors own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Idaho Strategic Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Idaho Strategic Resources Stock Performance

Shares of IDR opened at $32.33 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.66 and a current ratio of 12.17. Idaho Strategic Resources, Inc. has a twelve month low of $26.02 and a twelve month high of $54.70. The firm’s 50 day moving average price is $31.43 and its two-hundred day moving average price is $35.69. The firm has a market cap of $511.78 million, a P/E ratio of 22.30 and a beta of 1.23.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Idaho Strategic Resources had a net margin of 44.00% and a return on equity of 20.81%. The company had revenue of $10.73 million during the quarter, compared to analyst estimates of $12.50 million. On average, analysts forecast that Idaho Strategic Resources, Inc. will post 1.37 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.