Idaho Strategic Resources (NYSEAMERICAN:IDR) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Idaho Strategic Resources (NYSEAMERICAN:IDR) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks reports.

Idaho Strategic Resources Stock Up 1.7%

Shares of IDR opened at $21.40 on Monday. The company has a market capitalization of $338.76 million, a PE ratio of 14.76 and a beta of 1.31. Idaho Strategic Resources has a 12 month low of $20.05 and a 12 month high of $53.30. The stock’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $33.58. The company has a current ratio of 12.17, a quick ratio of 11.66 and a debt-to-equity ratio of 0.01.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Idaho Strategic Resources had a net margin of 44.00% and a return on equity of 20.81%. The company had revenue of $10.73 million during the quarter, compared to analyst estimates of $12.50 million. On average, analysts anticipate that Idaho Strategic Resources will post 1.37 EPS for the current year.

Institutional Trading of Idaho Strategic Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Idaho Strategic Resources during the 4th quarter worth approximately $38,000. International Assets Investment Management LLC lifted its position in shares of Idaho Strategic Resources by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Idaho Strategic Resources in the 4th quarter worth approximately $40,000. Global Assets Advisory LLC bought a new stake in shares of Idaho Strategic Resources in the 1st quarter valued at $45,000. Finally, State of Wyoming bought a new stake in shares of Idaho Strategic Resources in the 1st quarter valued at $74,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc is a mineral exploration, development and production company focused on gold and other strategic minerals in Idaho. The company’s activities include acquiring, exploring and developing mineral properties, as well as operating assets capable of supporting gold production.

Its principal asset is the Golden Chest Gold Project in northern Idaho, which includes an underground mine and a processing mill near Murray. The company has worked to advance mining and processing operations at Golden Chest while continuing exploration intended to expand known mineral resources and identify additional mineralized areas.

Idaho Strategic Resources was formerly known as New Jersey Mining Company and adopted its current name in 2021 to reflect its focus on Idaho-based mineral assets and strategic resources.