HC Wainwright Forecasts Strong Price Appreciation for Integra Resources (NYSEAMERICAN:ITRG) Stock

Integra Resources (NYSEAMERICAN:ITRG) had its price objective upped by analysts at HC Wainwright from $3.25 to $4.75 in a report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 64.36% from the stock’s previous close. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at $0.25 EPS.

Integra Resources Stock Down 2.4%

NYSEAMERICAN:ITRG opened at $2.89 on Thursday. The firm’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $1.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.24. Integra Resources has a one year low of $0.79 and a one year high of $3.49. The company has a market cap of $488.64 million, a PE ratio of 48.17 and a beta of 0.84.

Institutional Investors Weigh In On Integra Resources

Several hedge funds have recently added to or reduced their stakes in ITRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Integra Resources during the 2nd quarter worth approximately $7,106,000. Bank of America Corp DE boosted its position in Integra Resources by 88.2% during the 2nd quarter. Bank of America Corp DE now owns 2,365,705 shares of the company’s stock worth $3,549,000 after buying an additional 1,108,570 shares during the period. Equinox Partners Investment Management LLC boosted its position in Integra Resources by 6.9% during the 1st quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock worth $12,223,000 after buying an additional 635,000 shares during the period. U S Global Investors Inc. acquired a new stake in Integra Resources during the 2nd quarter worth approximately $225,000. Finally, Medici Capital LLC acquired a new position in shares of Integra Resources in the 2nd quarter worth approximately $184,000. 26.67% of the stock is currently owned by institutional investors and hedge funds.

About Integra Resources

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.