HC Wainwright Cuts Integra Resources (NYSEAMERICAN:ITRG) Price Target to $7.00

Integra Resources (NYSEAMERICAN:ITRG) had its target price decreased by HC Wainwright from $7.25 to $7.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Integra Resources’ FY2026 earnings at $0.45 EPS.

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group started coverage on shares of Integra Resources in a research note on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 price objective on the stock. Roth Mkm set a $7.00 price target on shares of Integra Resources in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $7.75.

Integra Resources Stock Up 6.9%

Integra Resources stock opened at $4.34 on Tuesday. Integra Resources has a one year low of $1.02 and a one year high of $4.87. The stock has a fifty day moving average of $4.02 and a 200 day moving average of $3.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58. The stock has a market cap of $795.13 million, a PE ratio of 48.23 and a beta of 0.72.

Hedge Funds Weigh In On Integra Resources

Large investors have recently added to or reduced their stakes in the company. Independent Advisor Alliance bought a new position in shares of Integra Resources in the fourth quarter worth approximately $40,000. Hohimer Wealth Management LLC purchased a new position in shares of Integra Resources during the 4th quarter valued at $40,000. Brookstone Capital Management purchased a new position in shares of Integra Resources during the 4th quarter valued at $41,000. Cetera Investment Advisers bought a new position in Integra Resources in the 4th quarter worth $46,000. Finally, Mindset Wealth Management LLC purchased a new stake in Integra Resources in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.