Integra Resources’ (ITRG) “Buy” Rating Reiterated at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $6.75 target price on the stock. HC Wainwright’s price objective suggests a potential upside of 172.18% from the company’s current price.

ITRG has been the topic of several other research reports. Zacks Research upgraded Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Roth Capital set a $5.00 price target on Integra Resources in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

Integra Resources Price Performance

NYSEAMERICAN:ITRG opened at $2.48 on Wednesday. The company has a market cap of $503.14 million, a P/E ratio of 62.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.31 and a quick ratio of 3.42. Integra Resources has a one year low of $1.99 and a one year high of $4.87. The firm’s fifty day moving average price is $2.72 and its two-hundred day moving average price is $2.61.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $69.42 million during the quarter, compared to analyst estimates of $82.69 million. Integra Resources had a return on equity of 26.86% and a net margin of 4.14%. Equities analysts expect that Integra Resources will post 0.27 earnings per share for the current year.

Institutional Trading of Integra Resources

Several hedge funds and other institutional investors have recently made changes to their positions in ITRG. Castleview Partners LLC grew its holdings in shares of Integra Resources by 23.1% during the third quarter. Castleview Partners LLC now owns 32,000 shares of the company’s stock valued at $82,000 after buying an additional 6,000 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Integra Resources in the 4th quarter worth approximately $29,000. Engineers Gate Manager LP lifted its stake in shares of Integra Resources by 21.7% during the 2nd quarter. Engineers Gate Manager LP now owns 56,508 shares of the company’s stock valued at $128,000 after buying an additional 10,093 shares in the last quarter. GTS Securities LLC purchased a new stake in shares of Integra Resources during the second quarter worth about $26,000. Finally, Tacita Capital Inc bought a new position in shares of Integra Resources during the second quarter worth $31,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a precious metals exploration and development company focused on advancing gold and silver projects in the United States. The company’s primary asset is the DeLamar Project in southwestern Idaho, which includes the DeLamar and Florida Mountain deposits in Owyhee County.

DeLamar is a past-producing mining district with existing mineral resources and infrastructure from historical operations. Integra is evaluating the project’s potential through exploration, technical studies, permitting and mine-development planning, with the goal of establishing a modern open-pit mining and processing operation.