Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Down 6% – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s share price dropped 6% on Friday . The stock traded as low as $43.58 and last traded at $43.4940. Approximately 80,242 shares were traded during trading, a decline of 86% from the average daily volume of 576,677 shares. The stock had previously closed at $46.28.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reiterated a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Idaho Strategic Resources presently has an average rating of “Buy” and an average price target of $17.50.

Idaho Strategic Resources Trading Down 3.7%

The company has a market cap of $695.02 million, a price-to-earnings ratio of 64.02 and a beta of 0.97. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $40.53 and its 200-day moving average price is $31.92.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $11.08 million for the quarter, compared to analysts’ expectations of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. On average, equities analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current fiscal year.

Insider Transactions at Idaho Strategic Resources

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 value of $834,400.00. Following the completion of the sale, the chief executive officer directly owned 645,778 shares in the company, valued at approximately $26,941,858.16. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Scott Beaven sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total value of $69,280.00. Following the completion of the sale, the director owned 11,183 shares of the company’s stock, valued at approximately $387,379.12. This trade represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,000 shares of company stock valued at $2,206,880 in the last three months. Insiders own 8.69% of the company’s stock.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of hedge funds have recently added to or reduced their stakes in IDR. NewEdge Advisors LLC lifted its position in Idaho Strategic Resources by 108.8% during the first quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock worth $437,000 after purchasing an additional 15,917 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Idaho Strategic Resources by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after acquiring an additional 9,298 shares during the last quarter. Evernest Financial Advisors LLC bought a new stake in shares of Idaho Strategic Resources in the 2nd quarter valued at $396,000. FNY Investment Advisers LLC bought a new position in shares of Idaho Strategic Resources in the 2nd quarter worth about $288,000. Finally, AlphaQuest LLC grew its holdings in Idaho Strategic Resources by 6,301.6% in the second quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock worth $52,000 after purchasing an additional 3,907 shares during the period. Institutional investors own 8.70% of the company’s stock.

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.