Idaho Strategic Resources (NYSEAMERICAN:IDR) Director Sells $69,280.00 in Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Director Richard Scott Beaven sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the transaction, the director owned 11,183 shares in the company, valued at approximately $387,379.12. The trade was a 15.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Idaho Strategic Resources Stock Down 4.8%

Shares of NYSEAMERICAN IDR traded down $1.70 during mid-day trading on Tuesday, reaching $33.98. 555,142 shares of the company’s stock traded hands, compared to its average volume of 413,610. The stock has a market cap of $529.75 million, a P/E ratio of 48.54 and a beta of 0.72. The business has a 50-day simple moving average of $34.49 and a 200 day simple moving average of $23.71. Idaho Strategic Resources, Inc. has a 1-year low of $9.67 and a 1-year high of $54.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. The company had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. On average, analysts expect that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Idaho Strategic Resources

Several hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Idaho Strategic Resources in the second quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. bought a new stake in Idaho Strategic Resources during the third quarter worth $47,000. Russell Investments Group Ltd. purchased a new position in Idaho Strategic Resources in the third quarter worth $48,000. AlphaQuest LLC grew its stake in Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after purchasing an additional 3,907 shares during the period. Finally, Caitlin John LLC bought a new position in Idaho Strategic Resources in the 3rd quarter valued at $53,000. Institutional investors own 8.70% of the company’s stock.

Analyst Ratings Changes

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

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.