Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Up 10.5% – Still a Buy?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price shot up 10.5% during trading on Thursday . The stock traded as high as $46.22 and last traded at $46.3250. 190,000 shares traded hands during trading, a decline of 68% from the average session volume of 587,287 shares. The stock had previously closed at $41.91.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Idaho Strategic Resources presently has a consensus rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Trading Up 11.1%

The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. The stock’s 50 day moving average is $41.46 and its 200-day moving average is $32.93. The company has a market capitalization of $725.87 million, a P/E ratio of 66.52 and a beta of 0.97.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings data 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. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%.The business had revenue of $11.08 million for the quarter, compared to analysts’ expectations of $9.40 million. As a group, equities research analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other Idaho Strategic Resources news, CEO John Swallow sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $41.72, for a total value of $834,400.00. Following the sale, the chief executive officer directly owned 645,778 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, Director Richard Scott Beaven sold 2,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total value of $69,280.00. Following the completion of the sale, the director directly owned 11,183 shares in the company, valued at approximately $387,379.12. This represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 52,000 shares of company stock worth $2,206,880. Insiders own 8.69% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

Several institutional investors have recently added to or reduced their stakes in IDR. Raymond James Financial Inc. raised its stake in shares of Idaho Strategic Resources by 1.3% in the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after purchasing an additional 608 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Idaho Strategic Resources by 7.1% during the third quarter. Citizens Financial Group Inc. RI now owns 15,000 shares of the company’s stock valued at $507,000 after buying an additional 1,000 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Idaho Strategic Resources by 4,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock worth $45,000 after buying an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp raised its position in Idaho Strategic Resources by 37.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,460 shares of the company’s stock worth $150,000 after buying an additional 1,220 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Idaho Strategic Resources in the 3rd quarter worth about $47,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

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.