Integra Resources Corp. $ITRG Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 71.6% during the first quarter, Holdings Channel reports. The firm owned 393,000 shares of the company’s stock after selling 993,127 shares during the quarter. U S Global Investors Inc.’s holdings in Integra Resources were worth $1,073,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Integra Resources by 336.4% during 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 period. Goldman Sachs Group Inc. grew its stake in shares of Integra Resources by 26.3% in the first quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock valued at $393,000 after buying an additional 66,002 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Integra Resources in the 2nd quarter valued at $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Integra Resources in the 2nd quarter valued at $7,106,000. Finally, Raymond James Financial Inc. lifted its stake in Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock worth $76,000 after acquiring an additional 16,611 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. HC Wainwright restated a “buy” rating on shares of Integra Resources in a report on Friday, June 26th. Roth Capital reiterated a “buy” rating and set a $6.00 price target on shares of Integra Resources in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $7.33.

Integra Resources Stock Down 2.2%

ITRG stock traded down $0.05 during midday trading on Friday, hitting $2.21. The company’s stock had a trading volume of 1,954,871 shares, compared to its average volume of 3,446,093. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.10. Integra Resources Corp. has a 52-week low of $1.42 and a 52-week high of $4.87. The firm has a market capitalization of $448.12 million, a P/E ratio of 55.26 and a beta of 0.85. The firm has a 50-day simple moving average of $2.53 and a 200-day simple moving average of $3.22.

About Integra Resources

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.