Idaho Strategic Resources (NYSEAMERICAN:IDR) Posts Earnings Results, Misses Estimates By $0.01 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) posted its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), FiscalAI reports. Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%.The company had revenue of $10.73 million for the quarter, compared to analysts’ expectations of $12.50 million.

Idaho Strategic Resources Stock Down 9.6%

Shares of IDR traded down $3.33 during midday trading on Thursday, hitting $31.39. The company had a trading volume of 299,234 shares, compared to its average volume of 317,166. The company’s 50-day simple moving average is $32.15 and its 200-day simple moving average is $36.28. 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 firm has a market capitalization of $496.35 million, a P/E ratio of 22.20 and a beta of 1.23. Idaho Strategic Resources has a 1 year low of $22.31 and a 1 year high of $54.70.

Analysts Set New Price Targets

Separately, Zacks Research lowered Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Institutional Trading of Idaho Strategic Resources

Several hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in Idaho Strategic Resources in the third quarter valued at approximately $47,000. Russell Investments Group Ltd. acquired a new position in Idaho Strategic Resources during the 3rd quarter worth approximately $48,000. Kestra Advisory Services LLC acquired a new position in Idaho Strategic Resources during the 4th quarter worth approximately $66,000. JPMorgan Chase & Co. purchased a new stake in shares of Idaho Strategic Resources in the 2nd quarter valued at approximately $78,000. Finally, BNP Paribas Financial Markets increased its position in shares of Idaho Strategic Resources by 135.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,513 shares of the company’s stock valued at $85,000 after purchasing an additional 1,444 shares during the last quarter. Institutional investors and hedge funds own 8.70% of the company’s stock.

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.