Integra Resources (CVE:ITR) Shares Down 9% – Time to Sell?

Integra Resources Corp. (CVE:ITR) shares traded down 9% on Thursday . The company traded as low as C$3.61 and last traded at C$3.75. 907,514 shares changed hands during trading, an increase of 108% from the average session volume of 436,728 shares. The stock had previously closed at C$4.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ITR shares. Raymond James Financial boosted their price target on Integra Resources from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Roth Mkm upgraded shares of Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. Canaccord Genuity Group set a C$9.25 target price on shares of Integra Resources and gave the stock a “moderate buy” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus increased their price target on shares of Integra Resources from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$8.75.

Integra Resources Stock Down 9.0%

The company has a quick ratio of 1.49, a current ratio of 1.58 and a debt-to-equity ratio of 17.13. The business has a 50-day simple moving average of C$5.27 and a 200-day simple moving average of C$4.78. The stock has a market cap of C$755.58 million, a P/E ratio of 25.00 and a beta of 1.50.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.