HITE Hedge Asset Management LLC Buys Shares of 91,930 Idaho Strategic Resources, Inc. $IDR

HITE Hedge Asset Management LLC bought a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 91,930 shares of the company’s stock, valued at approximately $3,705,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DRW Securities LLC acquired a new position in shares of Idaho Strategic Resources in the fourth quarter valued at approximately $3,301,000. Informed Momentum Co LLC increased its stake in shares of Idaho Strategic Resources by 92.7% in the fourth quarter. Informed Momentum Co LLC now owns 109,075 shares of the company’s stock valued at $4,396,000 after buying an additional 52,458 shares during the period. Cutler Investment Counsel LLC acquired a new position in shares of Idaho Strategic Resources in the fourth quarter valued at approximately $202,000. Nuveen LLC increased its stake in shares of Idaho Strategic Resources by 503.1% in the fourth quarter. Nuveen LLC now owns 97,560 shares of the company’s stock valued at $3,932,000 after buying an additional 81,383 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Idaho Strategic Resources by 17.9% in the fourth quarter. Deutsche Bank AG now owns 11,010 shares of the company’s stock valued at $444,000 after buying an additional 1,672 shares during the period. Institutional investors own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Idaho Strategic Resources Stock Performance

Idaho Strategic Resources stock opened at $36.39 on Friday. The business has a 50 day moving average of $39.63 and a 200-day moving average of $39.62. Idaho Strategic Resources, Inc. has a 1 year low of $12.40 and a 1 year high of $54.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48. The company has a market capitalization of $575.33 million, a P/E ratio of 25.63 and a beta of 1.16.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 23.94%. The firm had revenue of $14.48 million during the quarter, compared to analyst estimates of $14.30 million. On average, equities research analysts predict that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current 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.