Stifel Nicolaus Boosts Integra Resources (CVE:ITR) Price Target to C$8.00

Integra Resources (CVE:ITR) had its price objective hoisted by stock analysts at Stifel Nicolaus from C$7.00 to C$8.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 30.08% from the stock’s current price.

ITR has been the topic of a number of other reports. Raymond James Financial raised their target price on shares of Integra Resources from C$4.25 to C$5.50 in a research note on Friday, October 10th. Roth Capital raised Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Integra Resources currently has a consensus rating of “Strong Buy” and an average price target of C$6.75.

Integra Resources Stock Performance

Shares of ITR stock traded up C$0.07 during trading hours on Monday, hitting C$6.15. 253,163 shares of the company were exchanged, compared to its average volume of 506,031. Integra Resources has a 52-week low of C$1.12 and a 52-week high of C$6.44. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54. The firm has a fifty day simple moving average of C$4.56 and a 200 day simple moving average of C$3.42. The stock has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 41.00 and a beta of 1.43.

Integra Resources Company 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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.