Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 6.4% on Insider Selling

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was down 6.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $33.19 and last traded at $33.40. Approximately 270,133 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 412,278 shares. The stock had previously closed at $35.68.

Specifically, Director Richard Scott Beaven sold 2,000 shares of Idaho Strategic Resources stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Separately, Roth Capital restated 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 stock has a consensus rating of “Buy” and a consensus price target of $17.50.

Idaho Strategic Resources Stock Down 6.5%

The firm has a market capitalization of $497.01 million, a PE ratio of 45.54 and a beta of 0.72. The company’s 50 day simple moving average is $34.78 and its 200-day simple moving average is $23.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating 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 business had revenue of $11.08 million for the quarter, compared to the consensus estimate of $9.40 million. On average, analysts forecast that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IDR. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Idaho Strategic Resources during the second quarter valued at about $39,000. Newbridge Financial Services Group Inc. purchased a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $47,000. Russell Investments Group Ltd. bought a new stake in Idaho Strategic Resources in the third quarter valued at approximately $48,000. AlphaQuest LLC lifted its position in Idaho Strategic Resources by 6,301.6% in the second 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 last quarter. Finally, Caitlin John LLC purchased a new stake in shares of Idaho Strategic Resources during the third quarter valued at approximately $53,000. 8.70% of the stock is currently owned by institutional investors.

Idaho Strategic Resources Company Profile

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.