Integra Resources (NYSEAMERICAN:ITRG) Stock Price Target Cut by Roth Capital

Integra Resources (NYSEAMERICAN:ITRG) had its target price cut by investment analysts at Roth Capital from $5.00 to $3.75 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Capital‘s target price indicates a potential upside of 108.22% from the stock’s current price.

A number of other brokerages also recently issued reports on ITRG. Zacks Research upgraded Integra Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Citigroup reiterated a “reduce” rating on shares of Integra Resources in a research note on Thursday. Finally, HC Wainwright lowered their target price on Integra Resources from $6.75 to $6.50 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Integra Resources currently has a consensus rating of “Hold” and a consensus target price of $6.50.

Integra Resources Stock Performance

Shares of ITRG traded down $0.04 on Friday, reaching $1.80. 307,289 shares of the company’s stock traded hands, compared to its average volume of 2,641,801. 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 stock has a market cap of $365.39 million, a PE ratio of 12.07 and a beta of 0.88. The stock’s 50 day simple moving average is $2.49 and its two-hundred day simple moving average is $2.78. Integra Resources has a 52-week low of $1.82 and a 52-week high of $4.87.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings results on Wednesday, November 11th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Integra Resources had a return on equity of 22.51% and a net margin of 12.21%. The business had revenue of $72.40 million for the quarter, compared to analyst estimates of $71.37 million. On average, analysts forecast that Integra Resources will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Integra Resources

Hedge funds have recently modified their holdings of the stock. Pale Fire Capital SE bought a new position in Integra Resources during the second quarter valued at $2,395,000. BlackRock Inc. purchased a new stake in Integra Resources in the second quarter worth $3,939,000. Masters Capital Management LLC purchased a new stake in Integra Resources in the first quarter worth $2,730,000. The Manufacturers Life Insurance Company bought a new stake in shares of Integra Resources in the second quarter valued at $2,505,000. Finally, Renaissance Technologies LLC raised its stake in shares of Integra Resources by 287.8% in 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 period. Institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

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.