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

Integra Resources (NYSEAMERICAN:ITRG)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They currently have a $6.75 price target on the stock. HC Wainwright’s price objective would indicate a potential upside of 192.21% from the stock’s current price.

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

Integra Resources Trading Down 6.9%

NYSEAMERICAN:ITRG traded down $0.17 during trading hours on Wednesday, reaching $2.31. 2,112,430 shares of the company were exchanged, compared to its average volume of 2,759,324. The firm has a market cap of $468.65 million, a price-to-earnings ratio of 57.76 and a beta of 0.86. The stock has a 50 day simple moving average of $2.72 and a 200 day simple moving average of $2.61. Integra Resources has a 52-week low of $1.99 and a 52-week high of $4.87. 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 (NYSEAMERICAN:ITRG) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $69.42 million for the quarter, compared to analysts’ expectations of $82.69 million. Integra Resources had a net margin of 4.14% and a return on equity of 26.86%. As a group, analysts predict that Integra Resources will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Integra Resources

Several large investors have recently made changes to their positions in ITRG. Castleview Partners LLC boosted its stake in shares of Integra Resources by 23.1% in the third quarter. Castleview Partners LLC now owns 32,000 shares of the company’s stock valued at $82,000 after purchasing an additional 6,000 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Integra Resources during the 4th quarter valued at $29,000. Engineers Gate Manager LP increased its stake in Integra Resources by 21.7% during the 2nd quarter. Engineers Gate Manager LP now owns 56,508 shares of the company’s stock worth $128,000 after buying an additional 10,093 shares during the period. GTS Securities LLC purchased a new stake in Integra Resources during the 2nd quarter worth $26,000. Finally, Tacita Capital Inc purchased a new stake in Integra Resources during the 2nd quarter worth $31,000. Institutional investors and hedge funds 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.