464,958 Shares in Idaho Strategic Resources, Inc. $IDR Acquired by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the third quarter, Holdings Channel.com reports. The fund acquired 464,958 shares of the company’s stock, valued at approximately $15,711,000.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of Idaho Strategic Resources in the 3rd quarter valued at $502,000. Thames Capital Management LLC acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter worth $4,313,000. Stonebridge Wealth Management LLC bought a new stake in shares of Idaho Strategic Resources during the 2nd quarter worth $328,000. Navellier & Associates Inc. boosted its stake in Idaho Strategic Resources by 43.6% in the third quarter. Navellier & Associates Inc. now owns 146,003 shares of the company’s stock valued at $4,933,000 after buying an additional 44,349 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Idaho Strategic Resources in the second quarter valued at about $39,000. 8.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued 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, the stock has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Price Performance

Shares of IDR traded down $1.81 during trading hours on Friday, reaching $35.20. The stock had a trading volume of 33,555 shares, compared to its average volume of 427,797. Idaho Strategic Resources, Inc. has a 12 month low of $12.19 and a 12 month high of $54.70. The stock has a market capitalization of $548.83 million, a PE ratio of 50.29 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55. The company’s 50-day moving average is $41.23 and its two-hundred day moving average is $37.65.

Insider Transactions at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 30,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $43.44, for a total value of $1,303,200.00. Following the completion of the transaction, the chief executive officer owned 665,778 shares of the company’s stock, valued at $28,921,396.32. This represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.69% of the stock is currently owned by insiders.

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.