Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Down 9.5% – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s share price fell 9.5% on Thursday . The stock traded as low as $47.02 and last traded at $46.3320. 35,251 shares were traded during trading, a decline of 90% from the average session volume of 358,126 shares. The stock had previously closed at $51.21.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Idaho Strategic Resources Price Performance

The company has a current ratio of 13.96, a quick ratio of 13.70 and a debt-to-equity ratio of 0.01. The firm has a market cap of $718.72 million, a price-to-earnings ratio of 39.58 and a beta of 1.21. The stock has a 50-day moving average of $38.22 and a two-hundred day moving average of $39.05.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of institutional investors have recently bought and sold shares of IDR. Brevan Howard Capital Management LP purchased a new stake in shares of Idaho Strategic Resources during the 3rd quarter worth about $5,616,000. Euro Pacific Asset Management LLC purchased a new stake in shares of Idaho Strategic Resources during the 4th quarter worth about $32,782,035,000. Principal Financial Group Inc. purchased a new stake in shares of Idaho Strategic Resources during the 3rd quarter worth about $502,000. Thames Capital Management LLC purchased a new stake in shares of Idaho Strategic Resources during the 3rd quarter worth about $4,313,000. Finally, Navellier & Associates Inc. raised its stake in shares of Idaho Strategic Resources by 43.6% during the 3rd quarter. Navellier & Associates Inc. now owns 146,003 shares of the company’s stock worth $4,933,000 after purchasing an additional 44,349 shares in the last quarter. 8.70% of the stock is currently owned by institutional investors and hedge funds.

About Idaho Strategic Resources

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.