Integra Resources (NYSEAMERICAN:ITRG) Stock Gets Price Target Cut from HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its target price cut by HC Wainwright from $6.75 to $6.50 in a report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Integra Resources’ FY2026 earnings at $0.19 EPS.

A number of other research firms have also commented on ITRG. Zacks Research upgraded Integra Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Roth Capital set a $5.00 price objective on Integra Resources in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.92.

Integra Resources Price Performance

Shares of Integra Resources stock opened at $2.21 on Friday. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $448.36 million, a price-to-earnings ratio of 55.26 and a beta of 0.86. Integra Resources has a 1-year low of $1.99 and a 1-year high of $4.87. The firm’s 50-day moving average price is $2.68 and its two-hundred day moving average price is $2.59.

Integra Resources (NYSEAMERICAN:ITRG) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $69.42 million for the quarter, compared to analyst estimates of $82.69 million. Integra Resources had a return on equity of 26.86% and a net margin of 4.14%. On average, equities analysts predict that Integra Resources will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Integra Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. U S Global Investors Inc. acquired a new stake in Integra Resources in the 3rd quarter valued at about $6,173,000. Castleview Partners LLC lifted its position in shares of Integra Resources by 23.1% during the third quarter. Castleview Partners LLC now owns 32,000 shares of the company’s stock worth $82,000 after purchasing an additional 6,000 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Integra Resources by 21.7% during the second quarter. Engineers Gate Manager LP now owns 56,508 shares of the company’s stock worth $128,000 after purchasing an additional 10,093 shares in the last quarter. Pale Fire Capital SE bought a new stake in shares of Integra Resources during the second quarter valued at approximately $2,395,000. Finally, GTS Securities LLC bought a new stake in shares of Integra Resources during the second quarter valued at approximately $26,000. Institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a precious metals exploration and development company focused on gold and silver projects in the western United States. The company’s activities include mineral exploration, resource evaluation, project permitting and the advancement of potential mining operations.

Integra’s flagship asset is the DeLamar Project in southwestern Idaho, which includes the historic DeLamar and Florida Mountain mining areas. The district was previously mined for gold and silver, and Integra has worked to assess its remaining mineral resources and evaluate the potential for redevelopment using modern mining and processing methods.

The company has also pursued exploration and development opportunities in Nevada, including the Nevada North Project.