Integra Resources (NYSEAMERICAN:ITRG) Announces Quarterly Earnings Results, Meets Estimates

Integra Resources (NYSEAMERICAN:ITRG) released its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. Integra Resources had a net margin of 4.14% and a return on equity of 26.86%.

Integra Resources Trading Down 3.7%

Integra Resources stock traded down $0.08 during midday trading on Wednesday, reaching $2.10. 1,240,189 shares of the stock traded hands, compared to its average volume of 2,646,844. The company has a 50-day simple moving average of $2.52 and a two-hundred day simple moving average of $2.80. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. Integra Resources has a 12-month low of $1.99 and a 12-month high of $4.87. The firm has a market cap of $426.05 million, a PE ratio of 52.51 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ITRG shares. Zacks Research raised Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Roth Capital set a $5.00 target price on Integra Resources in a report on Monday, July 27th. Finally, HC Wainwright lowered their price target on shares of Integra Resources from $6.75 to $6.50 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.92.

About Integra Resources

Integra Resources Corp. is a Canadian mining company focused on exploring, developing and operating precious-metals projects in the western United States. Its activities include gold and silver production, project development and mineral exploration. The company operates the Florida Canyon Mine in Nevada and is advancing the DeLamar project in Idaho, a gold-and-silver development project. Integra also holds exploration properties in Nevada, including the Wildcat and Mountain View projects. Integra expanded its portfolio through its 2024 acquisition of Florida Canyon Gold, which brought the Florida Canyon operation into the company.