Sei Investments Co. Takes $698,000 Position in Integra Resources Corp. $ITRG

Sei Investments Co. bought a new position in Integra Resources Corp. (NYSEAMERICAN:ITRG) during the 1st quarter, Holdings Channel reports. The institutional investor bought 255,560 shares of the company’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ITRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Integra Resources by 39.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company’s stock worth $19,195,000 after purchasing an additional 1,871,042 shares during the last quarter. Bank of America Corp DE grew its stake in Integra Resources by 60.9% in the 3rd quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock worth $11,229,000 after buying an additional 1,440,789 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Integra Resources in the 1st quarter worth $7,195,000. Millennium Management LLC increased its holdings in shares of Integra Resources by 175.7% in the 4th quarter. Millennium Management LLC now owns 1,954,804 shares of the company’s stock worth $7,850,000 after buying an additional 1,245,850 shares during the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of Integra Resources by 15.9% in the 4th quarter. Walleye Capital LLC now owns 1,736,438 shares of the company’s stock worth $6,963,000 after buying an additional 238,030 shares during the last quarter. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Trading Up 2.6%

ITRG stock opened at $2.78 on Friday. The company has a market capitalization of $563.98 million, a PE ratio of 69.52 and a beta of 0.86. Integra Resources Corp. has a one year low of $1.67 and a one year high of $4.87. The company’s 50 day moving average price is $2.35 and its two-hundred day moving average price is $2.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.17 and a current ratio of 5.31.

Analyst Ratings Changes

A number of research firms have recently issued reports on ITRG. Roth Capital set a $5.00 price objective on shares of Integra Resources in a report on Monday, July 27th. Zacks Research cut Integra Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, HC Wainwright restated a “buy” rating and set a $6.75 price target on shares of Integra Resources in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Integra Resources currently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Integra Resources Profile

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.