Integra Resources (CVE:ITR) Reaches New 12-Month High – Here’s What Happened

Shares of Integra Resources Corp. (CVE:ITR) reached a new 52-week high during trading on Friday . The company traded as high as C$6.42 and last traded at C$6.27, with a volume of 471094 shares trading hands. The stock had previously closed at C$6.17.

Analyst Upgrades and Downgrades

ITR has been the topic of a number of analyst reports. Canaccord Genuity Group set a C$9.25 target price on shares of Integra Resources and gave the stock a “moderate buy” rating in a report on Monday, January 12th. Raymond James Financial increased their price objective on Integra Resources from C$4.25 to C$5.50 in a research report on Friday, October 10th. Stifel Nicolaus boosted their target price on Integra Resources from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Roth Mkm upgraded Integra Resources to a “strong-buy” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, Integra Resources presently has a consensus rating of “Buy” and an average price target of C$7.58.

Integra Resources Stock Up 2.3%

The company has a market cap of C$1.15 billion, a P/E ratio of 42.07 and a beta of 1.52. The stock has a 50-day moving average of C$5.34 and a two-hundred day moving average of C$3.99. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.