Navellier & Associates Inc. Acquires New Stake in Integra Resources Corp. $ITRG

Navellier & Associates Inc. bought a new stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 203,738 shares of the company’s stock, valued at approximately $817,000. Navellier & Associates Inc. owned 0.11% of Integra Resources at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management acquired a new stake in shares of Integra Resources during the fourth quarter worth about $41,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Integra Resources in the third quarter valued at approximately $42,000. Pinion Investment Advisors LLC acquired a new position in shares of Integra Resources in the fourth quarter valued at approximately $55,000. Raymond James Financial Inc. increased its stake in Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock worth $76,000 after buying an additional 16,611 shares during the period. Finally, Virtu Financial LLC increased its stake in Integra Resources by 108.9% during the 3rd quarter. Virtu Financial LLC now owns 31,889 shares of the company’s stock worth $94,000 after buying an additional 16,627 shares during the period. 26.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on ITRG shares. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Integra Resources in a research report on Monday, April 27th. Roth Mkm set a $7.00 price objective on Integra Resources in a research note on Tuesday, January 27th. Finally, Canaccord Genuity Group began coverage on Integra Resources in a report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 target price for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Integra Resources has an average rating of “Buy” and an average target price of $7.75.

Integra Resources Stock Up 7.9%

Shares of NYSEAMERICAN:ITRG opened at $2.86 on Thursday. Integra Resources Corp. has a fifty-two week low of $1.41 and a fifty-two week high of $4.87. The firm’s 50 day moving average price is $3.15 and its 200 day moving average price is $3.47. The company has a quick ratio of 1.94, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The stock has a market cap of $578.44 million, a price-to-earnings ratio of -286.00 and a beta of 0.82.

About Integra Resources

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.