Idaho Strategic Resources (NYSEAMERICAN:IDR) Posts Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) announced its earnings results on Monday. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43, reports. The company had revenue of $14.57 million during the quarter, compared to the consensus estimate of $11.90 million. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%.

Idaho Strategic Resources Stock Down 2.8%

Shares of NYSEAMERICAN IDR traded down $0.83 during mid-day trading on Tuesday, hitting $28.40. 320,287 shares of the stock traded hands, compared to its average volume of 425,851. 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 has a 52 week low of $12.20 and a 52 week high of $54.70. The company has a market cap of $442.76 million, a price-to-earnings ratio of 40.57 and a beta of 0.87. The stock has a fifty day moving average price of $39.11 and a 200-day moving average price of $37.99.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.50.

Insider Buying and Selling

In other news, CEO John Swallow sold 20,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total transaction of $834,400.00. Following the completion of the transaction, the chief executive officer directly owned 645,778 shares in the company, valued at approximately $26,941,858.16. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.69% of the company’s stock.

Hedge Funds Weigh In On Idaho Strategic Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDR. State Street Corp increased its holdings in shares of Idaho Strategic Resources by 243.1% in the 4th quarter. State Street Corp now owns 890,401 shares of the company’s stock worth $35,883,000 after purchasing an additional 630,891 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Idaho Strategic Resources by 10.6% during the third quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock valued at $24,543,000 after purchasing an additional 69,639 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Idaho Strategic Resources by 5.9% during the fourth quarter. Van ECK Associates Corp now owns 492,621 shares of the company’s stock valued at $19,853,000 after purchasing an additional 27,663 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Idaho Strategic Resources by 14.9% during the fourth quarter. Geode Capital Management LLC now owns 343,036 shares of the company’s stock valued at $13,827,000 after buying an additional 44,568 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Idaho Strategic Resources by 39.3% during the fourth quarter. Invesco Ltd. now owns 220,534 shares of the company’s stock valued at $8,888,000 after buying an additional 62,175 shares during the last quarter. 8.70% of the stock is owned by institutional investors.

Idaho Strategic Resources Company Profile

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.