Integra Resources Corp. (NYSEAMERICAN:ITRG) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $6.92.

ITRG has been the subject of a number of research reports. Citigroup reiterated a “reduce” rating on shares of Integra Resources in a report on Thursday. HC Wainwright dropped their target price on shares of Integra Resources from $6.75 to $6.50 and set a “buy” rating on the stock in a report on Friday, October 23rd. Zacks Research raised shares of Integra Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Roth Capital set a $5.00 price target on shares of Integra Resources in a research note on Monday, July 27th.

Hedge Funds Weigh In On Integra Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Integra Resources by 2.8% during the second quarter. Van ECK Associates Corp now owns 4,916,009 shares of the company’s stock valued at $11,150,000 after acquiring an additional 131,947 shares in the last quarter. U S Global Investors Inc. bought a new position in shares of Integra Resources during the third quarter valued at $6,173,000. Renaissance Technologies LLC boosted its position in shares of Integra Resources by 287.8% during the first quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock valued at $5,725,000 after buying an additional 1,556,199 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Integra Resources during the second quarter valued at $3,939,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Integra Resources by 44.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,502,772 shares of the company’s stock worth $4,090,000 after buying an additional 460,011 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors.

Integra Resources Stock Down 7.8%

Shares of ITRG stock traded down $0.16 during midday trading on Thursday, reaching $1.94. 2,245,094 shares of the stock were exchanged, compared to its average volume of 2,644,119. Integra Resources has a 1 year low of $1.86 and a 1 year high of $4.87. The company’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.79. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. The firm has a market cap of $392.78 million, a PE ratio of 48.64 and a beta of 0.88.

Integra Resources (NYSEAMERICAN:ITRG) last released its earnings results on Wednesday, November 11th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Integra Resources had a return on equity of 26.86% and a net margin of 4.14%. The company had revenue of $72.40 million during the quarter, compared to analysts’ expectations of $77.60 million. On average, equities research analysts predict that Integra Resources will post 0.25 EPS for the current year.

About Integra Resources

Integra Resources Corp. is a Canadian mining company focused on exploring, developing and operating precious-metals projects in the western United States. Its activities include gold and silver production, project development and mineral exploration. The company operates the Florida Canyon Mine in Nevada and is advancing the DeLamar project in Idaho, a gold-and-silver development project. Integra also holds exploration properties in Nevada, including the Wildcat and Mountain View projects. Integra expanded its portfolio through its 2024 acquisition of Florida Canyon Gold, which brought the Florida Canyon operation into the company.