HC Wainwright Cuts Earnings Estimates for Integra Resources

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Investment analysts at HC Wainwright reduced their FY2026 EPS estimates for shares of Integra Resources in a note issued to investors on Friday, July 24th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.23 per share for the year, down from their prior estimate of $0.28. HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Integra Resources’ current full-year earnings is $0.31 per share.

A number of other equities analysts have also weighed in on the company. Zacks Research lowered Integra Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Roth Capital set a $5.00 price target on Integra Resources in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Integra Resources has an average rating of “Moderate Buy” and an average target price of $7.00.

Integra Resources Trading Down 2.3%

Shares of ITRG stock opened at $2.09 on Monday. Integra Resources has a 12-month low of $1.43 and a 12-month high of $4.87. The company has a market capitalization of $423.83 million, a PE ratio of 52.26 and a beta of 0.85. The firm has a 50 day moving average price of $2.38 and a two-hundred day moving average price of $3.04. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Integra Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after buying an additional 35,997 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Integra Resources by 26.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock valued at $393,000 after acquiring an additional 66,002 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Integra Resources during the 2nd quarter valued at $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Integra Resources during the 2nd quarter valued at $7,106,000. Finally, Raymond James Financial Inc. grew its holdings in shares of Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock worth $76,000 after purchasing an additional 16,611 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

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.