Idaho Strategic Resources (NYSEAMERICAN:IDR) CEO Sells $1,303,200.00 in Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $43.44, for a total value of $1,303,200.00. Following the completion of the sale, the chief executive officer directly owned 665,778 shares of the company’s stock, valued at approximately $28,921,396.32. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Swallow also recently made the following trade(s):

• On Tuesday, September 23rd, John Swallow sold 87,470 shares of Idaho Strategic Resources stock. The shares were sold at an average price of $30.31, for a total transaction of $2,651,215.70.

Idaho Strategic Resources Trading Down 1.4%

Idaho Strategic Resources stock traded down $0.65 during mid-day trading on Monday, hitting $45.23. The company’s stock had a trading volume of 594,872 shares, compared to its average volume of 478,072. The business has a 50 day moving average price of $37.17 and a 200-day moving average price of $28.19. 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, Inc. has a 12 month low of $9.67 and a 12 month high of $54.70. The stock has a market cap of $705.14 million, a price-to-earnings ratio of 64.62 and a beta of 0.98.

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

Analyst Ratings Changes

Separately, Roth Capital restated a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $17.50.

Institutional Trading of Idaho Strategic Resources

A number of hedge funds have recently made changes to their positions in IDR. Raymond James Financial Inc. increased its position in Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock valued at $618,000 after buying an additional 608 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of Idaho Strategic Resources by 7.1% in the third quarter. Citizens Financial Group Inc. RI now owns 15,000 shares of the company’s stock worth $507,000 after acquiring an additional 1,000 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Idaho Strategic Resources by 37.7% during the third quarter. Jones Financial Companies Lllp now owns 4,460 shares of the company’s stock valued at $150,000 after acquiring an additional 1,220 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Idaho Strategic Resources in the 3rd quarter worth about $47,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Idaho Strategic Resources in the 3rd quarter worth about $48,000. 8.70% of the stock is owned by institutional investors.

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.