Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 6.1% – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s share price dropped 6.1% on Thursday . The stock traded as low as $45.40 and last traded at $46.18. Approximately 69,670 shares were traded during trading, a decline of 87% from the average daily volume of 545,781 shares. The stock had previously closed at $49.20.

Analyst Upgrades and Downgrades

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Idaho Strategic Resources has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Stock Performance

The firm has a market capitalization of $716.20 million, a price-to-earnings ratio of 65.63 and a beta of 0.97. The firm’s 50-day moving average price is $38.79 and its two-hundred day moving average price is $30.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. The firm had revenue of $11.08 million during the quarter, compared to analysts’ expectations of $9.40 million. Sell-side analysts predict that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Idaho Strategic Resources

In other Idaho Strategic Resources news, Director Richard Scott Beaven sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total value of $69,280.00. Following the sale, the director directly owned 11,183 shares in the company, valued at $387,379.12. This represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Swallow sold 20,000 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $41.72, for a total value of $834,400.00. Following the transaction, the chief executive officer owned 645,778 shares of the company’s stock, valued at $26,941,858.16. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 52,000 shares of company stock worth $2,206,880. 8.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDR. Van ECK Associates Corp bought a new stake in Idaho Strategic Resources during the 3rd quarter worth about $15,711,000. Brevan Howard Capital Management LP acquired a new position in shares of Idaho Strategic Resources during the third quarter worth approximately $5,616,000. Geode Capital Management LLC grew its stake in shares of Idaho Strategic Resources by 127.1% during the second quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock valued at $3,736,000 after purchasing an additional 159,850 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Idaho Strategic Resources in the third quarter valued at approximately $5,351,000. Finally, Thames Capital Management LLC bought a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $4,313,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

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.