Equinox Partners Investment Management LLC Sells 383,210 Shares of Integra Resources Corp. $ITRG

Equinox Partners Investment Management LLC cut its position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,891,437 shares of the company’s stock after selling 383,210 shares during the quarter. Integra Resources accounts for 12.4% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. Equinox Partners Investment Management LLC owned approximately 3.22% of Integra Resources worth $23,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hohimer Wealth Management LLC acquired a new stake in Integra Resources during the fourth quarter worth about $40,000. Independent Advisor Alliance acquired a new stake in Integra Resources during the fourth quarter worth about $40,000. Brookstone Capital Management acquired a new stake in Integra Resources during the fourth quarter worth about $41,000. Cetera Investment Advisers acquired a new stake in Integra Resources during the fourth quarter worth about $46,000. Finally, Mindset Wealth Management LLC acquired a new stake in Integra Resources during the fourth quarter worth about $49,000. 26.67% of the stock is owned by institutional investors and hedge funds.

Integra Resources Stock Performance

NYSEAMERICAN:ITRG opened at $2.72 on Thursday. Integra Resources Corp. has a 1 year low of $1.41 and a 1 year high of $4.87. The firm has a 50 day moving average of $2.73 and a 200-day moving average of $3.40. The company has a current ratio of 4.96, a quick ratio of 3.17 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $550.15 million, a P/E ratio of 68.02 and a beta of 0.82.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on Integra Resources from $7.00 to $6.75 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Integra Resources currently has a consensus rating of “Buy” and an average price target of $7.67.

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.