Integra Resources (NYSEAMERICAN:ITRG) Sets New 1-Year High – Should You Buy?

Integra Resources Corp. (NYSEAMERICAN:ITRG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $3.35 and last traded at $3.26, with a volume of 1910729 shares. The stock had previously closed at $3.15.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.25 price objective on shares of Integra Resources in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Integra Resources has an average rating of “Buy” and a consensus target price of $3.25.

Integra Resources Trading Up 3.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.24. The company has a market capitalization of $551.20 million, a price-to-earnings ratio of 54.33 and a beta of 0.84. The business’s 50-day moving average price is $2.30 and its two-hundred day moving average price is $1.81.

Hedge Funds Weigh In On Integra Resources

Several hedge funds have recently bought and sold shares of ITRG. Rathbones Group PLC raised its position in Integra Resources by 33.9% during the second quarter. Rathbones Group PLC now owns 48,400 shares of the company’s stock valued at $73,000 after purchasing an additional 12,250 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Integra Resources by 48.7% in the second quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock worth $76,000 after acquiring an additional 16,611 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Integra Resources during the first quarter worth $30,000. Virtu Financial LLC acquired a new position in Integra Resources in the 1st quarter worth about $34,000. Finally, Jane Street Group LLC acquired a new position in Integra Resources during the 2nd quarter worth about $48,000. 26.67% of the stock is owned by institutional investors.

Integra Resources Company Profile

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.