Integra Resources (NYSEAMERICAN:ITRG) Posts Earnings Results, Hits Expectations

Integra Resources (NYSEAMERICAN:ITRG) released its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06, Zacks reports. Integra Resources had a return on equity of 26.86% and a net margin of 4.14%.

Integra Resources Stock Performance

NYSEAMERICAN ITRG traded down $0.08 during trading on Wednesday, reaching $2.10. The company’s stock had a trading volume of 1,240,189 shares, compared to its average volume of 2,646,844. The firm has a 50 day moving average price of $2.52 and a 200 day moving average price of $2.80. Integra Resources has a 12 month low of $1.99 and a 12 month high of $4.87. The firm has a market capitalization of $426.05 million, a price-to-earnings ratio of 52.51 and a beta of 0.88. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ITRG shares. Zacks Research raised Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. HC Wainwright reduced their price objective on shares of Integra Resources from $6.75 to $6.50 and set a “buy” rating for the company in a research report on Friday, October 23rd. Finally, Roth Capital set a $5.00 price objective on shares of Integra Resources in a report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.92.

Integra Resources Company Profile

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.