Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Down 4.5% on Insider Selling

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price traded down 4.5% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $39.81 and last traded at $39.6250. 797,367 shares were traded during mid-day trading, an increase of 84% from the average session volume of 432,469 shares. The stock had previously closed at $41.49.

Specifically, CEO John Swallow sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total transaction of $834,400.00. Following the completion of the transaction, the chief executive officer owned 645,778 shares of the company’s stock, valued at $26,941,858.16. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $17.50.

Idaho Strategic Resources Stock Performance

The stock has a market cap of $616.97 million, a P/E ratio of 56.86 and a beta of 0.98. The stock has a fifty day simple moving average of $37.41 and a 200-day simple moving average of $29.53. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $11.08 million for the quarter, compared to the consensus estimate of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. Equities analysts expect that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in IDR. Salem Investment Counselors Inc. lifted its stake in Idaho Strategic Resources by 49.2% in the second quarter. Salem Investment Counselors Inc. now owns 44,555 shares of the company’s stock valued at $583,000 after buying an additional 14,700 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Idaho Strategic Resources by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after acquiring an additional 9,298 shares during the period. Stonebridge Wealth Management LLC acquired a new stake in shares of Idaho Strategic Resources during the second quarter worth $328,000. AlphaQuest LLC lifted its position in Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after acquiring an additional 3,907 shares in the last quarter. Finally, Evernest Financial Advisors LLC acquired a new position in Idaho Strategic Resources in the 2nd quarter worth $396,000. 8.70% of the stock is owned by institutional investors.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.