Ventum Capital Reiterates “C$8.75” Price Target for Integra Resources (CVE:ITR)

Integra Resources (CVE:ITR) received a C$8.75 price objective from equities researchers at Ventum Capital in a report issued on Monday, BayStreet reports. The firm currently has a “buy” rating on the stock. Ventum Capital’s price target indicates a potential upside of 127.27% from the stock’s previous close.

Integra Resources Price Performance

ITR stock traded up C$0.01 during trading on Monday, hitting C$3.85. The company had a trading volume of 54,470 shares, compared to its average volume of 375,699. Integra Resources has a fifty-two week low of C$2.80 and a fifty-two week high of C$6.60. The company has a current ratio of 5.31, a quick ratio of 1.49 and a debt-to-equity ratio of 11.70. The company has a fifty day moving average price of C$3.54 and a two-hundred day moving average price of C$3.72. The company has a market cap of C$781.06 million, a P/E ratio of 96.25 and a beta of 2.18.

Insider Activity

In other news, Director George Salamis bought 25,000 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was bought at an average price of C$2.99 per share, for a total transaction of C$74,750.00. Following the completion of the transaction, the director directly owned 820,737 shares in the company, valued at C$2,454,003.63. The trade was a 3.14% increase in their position. Insiders own 17.78% of the company’s stock.

Integra Resources Company Profile

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.