The Manufacturers Life Insurance Company Raises Stock Holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG)

The Manufacturers Life Insurance Company raised its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 121.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,699,327 shares of the company’s stock after purchasing an additional 1,481,481 shares during the period. The Manufacturers Life Insurance Company’s holdings in Integra Resources were worth $2,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Credit Industriel ET Commercial purchased a new position in Integra Resources during the 4th quarter valued at about $352,000. GMT Capital Corp acquired a new position in shares of Integra Resources in the fourth quarter valued at approximately $13,566,000. Susquehanna Advisors Group Inc. purchased a new stake in Integra Resources during the 4th quarter worth approximately $56,000. Stifel Financial Corp purchased a new position in Integra Resources in the 4th quarter valued at approximately $870,000. Finally, Renaissance Technologies LLC increased its position in shares of Integra Resources by 30.4% during the fourth quarter. Renaissance Technologies LLC now owns 412,340 shares of the company’s stock worth $359,000 after acquiring an additional 96,060 shares during the period. 26.67% of the stock is owned by hedge funds and other institutional investors.

Integra Resources Trading Down 0.6 %

Integra Resources stock opened at $1.72 on Friday. Integra Resources Corp. has a 12-month low of $0.75 and a 12-month high of $1.95. The stock has a market cap of $289.94 million, a PE ratio of -5.21 and a beta of 1.37. The stock’s fifty day moving average price is $1.45.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $2.75 price target on shares of Integra Resources in a report on Wednesday, April 23rd.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.