Integra Resources (NYSEAMERICAN:ITRG) Reaches New 1-Year High – Here’s What Happened

Integra Resources Corp. (NYSEAMERICAN:ITRG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.69 and last traded at $4.6140, with a volume of 273167 shares traded. The stock had previously closed at $4.41.

Analysts Set New Price Targets

Several research analysts have weighed in on ITRG shares. Roth Capital reaffirmed a “buy” rating and issued a $6.00 target price on shares of Integra Resources in a research report on Thursday. HC Wainwright restated a “buy” rating and issued a $5.00 price objective (up previously from $4.75) on shares of Integra Resources in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources presently has an average rating of “Buy” and an average price target of $5.50.

Integra Resources Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.05. The company’s 50-day moving average price is $3.28 and its 200-day moving average price is $2.47. The company has a market cap of $769.47 million, a P/E ratio of 50.73 and a beta of 0.80.

Institutional Trading of Integra Resources

A number of institutional investors have recently modified their holdings of ITRG. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Integra Resources during the third quarter worth about $42,000. Prime Capital Investment Advisors LLC bought a new stake in Integra Resources in the 3rd quarter valued at approximately $58,000. Susquehanna International Group LLP acquired a new position in Integra Resources during the 3rd quarter worth approximately $60,000. Boothbay Fund Management LLC bought a new position in shares of Integra Resources during the 3rd quarter worth approximately $76,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Integra Resources in the third quarter valued at approximately $78,000. 26.67% of the stock is currently owned by institutional investors.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.