Integra Resources (NYSEAMERICAN:ITRG) Given New $3.75 Price Target at Roth Capital

Integra Resources (NYSEAMERICAN:ITRG) had its price objective cut by Roth Capital from $5.00 to $3.75 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

ITRG has been the topic of a number of other reports. Zacks Research upgraded shares of Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Citigroup reaffirmed a “reduce” rating on shares of Integra Resources in a research report on Thursday. Finally, HC Wainwright reduced their target price on shares of Integra Resources from $6.75 to $6.50 and set a “buy” rating for the company in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.50.

Integra Resources Stock Down 3.8%

ITRG stock traded down $0.07 during mid-day trading on Friday, hitting $1.77. 2,313,889 shares of the company were exchanged, compared to its average volume of 1,642,563. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31. The firm has a market cap of $359.10 million, a P/E ratio of 11.80 and a beta of 0.88. The firm’s 50 day simple moving average is $2.47 and its 200 day simple moving average is $2.76. Integra Resources has a 1-year low of $1.77 and a 1-year high of $4.87.

Integra Resources (NYSEAMERICAN:ITRG) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $72.40 million for the quarter, compared to analyst estimates of $71.37 million. Integra Resources had a net margin of 12.21% and a return on equity of 22.51%. On average, sell-side analysts predict that Integra Resources will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Integra Resources

Several institutional investors have recently bought and sold shares of ITRG. Van ECK Associates Corp grew its stake in shares of Integra Resources by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 4,916,009 shares of the company’s stock worth $11,150,000 after acquiring an additional 131,947 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of Integra Resources in the third quarter worth $6,173,000. Renaissance Technologies LLC lifted its position in shares of Integra Resources by 287.8% in the first quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock worth $5,725,000 after purchasing an additional 1,556,199 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Integra Resources in the second quarter worth $3,939,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Integra Resources by 44.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,502,772 shares of the company’s stock worth $4,090,000 after purchasing an additional 460,011 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

About Integra Resources

Integra Resources Corp. is a Canadian mining company focused on exploring, developing and operating precious-metals projects in the western United States. Its activities include gold and silver production, project development and mineral exploration. The company operates the Florida Canyon Mine in Nevada and is advancing the DeLamar project in Idaho, a gold-and-silver development project. Integra also holds exploration properties in Nevada, including the Wildcat and Mountain View projects. Integra expanded its portfolio through its 2024 acquisition of Florida Canyon Gold, which brought the Florida Canyon operation into the company.