Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Gap Up – What’s Next?

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) gapped up prior to trading on Monday . The stock had previously closed at $36.39, but opened at $41.50. Idaho Strategic Resources shares last traded at $42.5290, with a volume of 113,805 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Idaho Strategic Resources Trading Up 0.9%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.48 and a current ratio of 12.77. The stock’s fifty day moving average is $39.76 and its 200 day moving average is $39.66. The stock has a market cap of $610.74 million, a P/E ratio of 27.20 and a beta of 1.16.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 23.94%. The business had revenue of $14.48 million during the quarter, compared to the consensus estimate of $14.30 million. As a group, equities research analysts predict that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Idaho Strategic Resources by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Idaho Strategic Resources in the 4th quarter valued at about $38,000. Rockefeller Capital Management L.P. bought a new position in shares of Idaho Strategic Resources in the 4th quarter valued at about $40,000. Sound Income Strategies LLC lifted its holdings in shares of 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 valued at $45,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in Idaho Strategic Resources in the first quarter worth about $45,000. Institutional investors own 8.70% of the company’s stock.

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.