Idaho Strategic Resources (NYSEAMERICAN:IDR) CEO John Swallow Sells 87,470 Shares

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 87,470 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $30.31, for a total value of $2,651,215.70. Following the transaction, the chief executive officer directly owned 695,778 shares of the company’s stock, valued at approximately $21,089,031.18. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Swallow also recently made the following trade(s):

• On Tuesday, August 19th, John Swallow sold 50,000 shares of Idaho Strategic Resources stock. The shares were sold at an average price of $23.51, for a total value of $1,175,500.00.
• On Thursday, July 10th, John Swallow sold 100,000 shares of Idaho Strategic Resources stock. The shares were sold at an average price of $15.27, for a total transaction of $1,527,000.00.

Idaho Strategic Resources Price Performance

Shares of IDR opened at $29.75 on Wednesday. Idaho Strategic Resources, Inc. has a twelve month low of $9.67 and a twelve month high of $32.01. The company has a market capitalization of $431.67 million, a P/E ratio of 45.77 and a beta of 0.77. The firm has a 50 day moving average of $24.52 and a 200 day moving average of $17.80. The company has a quick ratio of 4.78, a current ratio of 5.11 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.50.

Hedge Funds Weigh In On Idaho Strategic Resources

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in shares of Idaho Strategic Resources by 42.8% in the second quarter. Osaic Holdings Inc. now owns 8,604 shares of the company’s stock worth $113,000 after buying an additional 2,579 shares during the last quarter. Stonebridge Wealth Management LLC bought a new position in Idaho Strategic Resources in the 2nd quarter worth $328,000. State of Tennessee Department of Treasury bought a new stake in Idaho Strategic Resources during the second quarter valued at about $169,000. Man Group plc bought a new position in shares of Idaho Strategic Resources in the second quarter worth about $319,000. Finally, Raymond James Financial Inc. raised its stake in shares of Idaho Strategic Resources by 1.3% in the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after buying an additional 608 shares during the period. 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.