Integra Resources (NYSEAMERICAN:ITRG) Shares Down 9.3% – Should You Sell?

Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) fell 9.3% during mid-day trading on Tuesday . The company traded as low as $3.22 and last traded at $3.2370. 720,012 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,878,980 shares. The stock had previously closed at $3.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ITRG shares. HC Wainwright upped their price objective on Integra Resources from $5.00 to $7.25 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Roth Mkm set a $7.00 price objective on shares of Integra Resources in a report on Tuesday, January 27th. Finally, Canaccord Genuity Group began coverage on shares of Integra Resources in a research report on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Integra Resources has a consensus rating of “Buy” and a consensus target price of $7.83.

Integra Resources Price Performance

The company has a current ratio of 1.58, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $4.05 and its 200-day moving average price is $3.19. The stock has a market capitalization of $630.24 million, a PE ratio of 38.23 and a beta of 0.72.

Institutional Trading of Integra Resources

A number of institutional investors have recently bought and sold shares of ITRG. Independent Advisor Alliance purchased a new position in Integra Resources during the fourth quarter worth $40,000. Hohimer Wealth Management LLC purchased a new position in shares of Integra Resources during the 4th quarter worth about $40,000. Brookstone Capital Management bought a new position in Integra Resources during the 4th quarter valued at about $41,000. Bank of America Corp DE raised its position in Integra Resources by 336.4% in the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after purchasing an additional 35,997 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Integra Resources in the third quarter worth about $42,000. 26.67% of the stock is currently owned by institutional investors.

About Integra Resources

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.