Integra Resources Corp. $ITRG Position Cut by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC decreased its stake in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 9.2% in the second quarter, Holdings Channel.com reports. The firm owned 8,918,051 shares of the company’s stock after selling 907,087 shares during the period. Integra Resources comprises about 7.7% of Equinox Partners Investment Management LLC’s holdings, making the stock its 7th biggest position. Equinox Partners Investment Management LLC owned approximately 0.05% of Integra Resources worth $13,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Integra Resources by 336.4% in the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after buying an additional 35,997 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Integra Resources in the first quarter valued at $96,000. Virtu Financial LLC bought a new stake in shares of Integra Resources in the 1st quarter worth about $34,000. Goldman Sachs Group Inc. boosted its stake in shares of Integra Resources by 26.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock worth $393,000 after purchasing an additional 66,002 shares during the period. Finally, Medici Capital LLC bought a new position in Integra Resources during the 2nd quarter valued at about $184,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Trading Up 0.8%

Shares of ITRG opened at $3.70 on Tuesday. The firm has a market capitalization of $626.41 million, a price-to-earnings ratio of 41.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.05. Integra Resources Corp. has a 1-year low of $0.79 and a 1-year high of $3.90. The company has a 50-day moving average of $3.10 and a 200 day moving average of $2.31.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of Integra Resources from $3.25 to $4.75 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Roth Capital set a $5.75 price target on Integra Resources and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $5.25.

Integra Resources Profile

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.