Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Up 5.2% – Still a Buy?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was up 5.2% during mid-day trading on Wednesday . The company traded as high as $35.30 and last traded at $34.6750. 89,475 shares were traded during trading, a decline of 71% from the average session volume of 311,624 shares. The stock had previously closed at $32.95.

Analyst Ratings Changes

Separately, Zacks Research cut Idaho Strategic Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Idaho Strategic Resources currently has an average rating of “Hold”.

Idaho Strategic Resources Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 12.17 and a quick ratio of 11.66. The stock has a market cap of $525.64 million, a price-to-earnings ratio of 22.90 and a beta of 1.23. The stock’s 50-day moving average is $31.59 and its 200 day moving average is $35.75.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Idaho Strategic Resources had a return on equity of 20.81% and a net margin of 44.00%.The business had revenue of $10.73 million for the quarter, compared to analyst estimates of $12.50 million. As a group, analysts predict that Idaho Strategic Resources, Inc. will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Idaho Strategic Resources

A number of institutional investors have recently modified their holdings of the business. Prospera Financial Services Inc grew its holdings in Idaho Strategic Resources by 4.6% during the fourth quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock worth $340,000 after acquiring an additional 373 shares during the period. International Assets Investment Management LLC lifted its holdings in Idaho Strategic Resources by 100.0% in the first quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the period. Raymond James Financial Inc. lifted its holdings in Idaho Strategic Resources by 1.3% in the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock valued at $618,000 after acquiring an additional 608 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Idaho Strategic Resources by 0.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 207,220 shares of the company’s stock worth $6,656,000 after purchasing an additional 855 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Idaho Strategic Resources during the 4th quarter worth $38,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

About Idaho Strategic Resources

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.