Man Group plc Makes New $454,000 Investment in Integra Resources Corp. $ITRG

Man Group plc bought a new position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 199,916 shares of the company’s stock, valued at approximately $454,000.

Other large investors have also recently made changes to their positions in the company. StoneX Group Inc. grew its stake in Integra Resources by 39.4% during the 4th quarter. StoneX Group Inc. now owns 15,965 shares of the company’s stock worth $64,000 after buying an additional 4,515 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Integra Resources in the fourth quarter valued at approximately $29,000. Jane Street Group LLC boosted its holdings in shares of Integra Resources by 5.4% in the fourth quarter. Jane Street Group LLC now owns 171,694 shares of the company’s stock valued at $688,000 after acquiring an additional 8,724 shares during the period. Independent Advisor Alliance purchased a new position in shares of Integra Resources during the fourth quarter worth approximately $40,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Integra Resources during the fourth quarter worth approximately $40,000. 26.67% of the stock is owned by institutional investors and hedge funds.

Integra Resources Trading Down 3.1%

Shares of ITRG stock opened at $2.80 on Friday. The company has a market capitalization of $568.04 million, a P/E ratio of 70.02 and a beta of 0.91. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.78. Integra Resources Corp. has a twelve month low of $1.99 and a twelve month high of $4.87.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Integra Resources had a return on equity of 26.86% and a net margin of 4.14%.The company had revenue of $69.42 million for the quarter, compared to analyst estimates of $82.69 million. Equities analysts forecast that Integra Resources Corp. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Zacks Research upgraded shares of Integra Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Roth Capital set a $5.00 price objective on shares of Integra Resources in a research report on Monday, July 27th. Finally, HC Wainwright restated a “buy” rating and issued a $6.75 price objective on shares of Integra Resources in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.00.

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.