Zacks Research Downgrades Idaho Strategic Resources (NYSEAMERICAN:IDR) to Strong Sell

Idaho Strategic Resources (NYSEAMERICAN:IDR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Idaho Strategic Resources Stock Up 5.0%

Shares of NYSEAMERICAN:IDR opened at $32.67 on Thursday. The stock has a market capitalization of $517.17 million, a P/E ratio of 22.53 and a beta of 1.23. The stock’s 50-day moving average price is $31.82 and its 200-day moving average price is $35.86. The company has a current ratio of 12.17, a quick ratio of 11.66 and a debt-to-equity ratio of 0.01. Idaho Strategic Resources has a 12-month low of $24.12 and a 12-month high of $54.70.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $10.73 million during the quarter, compared to the consensus estimate of $12.50 million. Idaho Strategic Resources had a net margin of 44.00% and a return on equity of 20.81%. On average, equities analysts anticipate that Idaho Strategic Resources will post 1.37 earnings per share for the current year.

Institutional Trading of Idaho Strategic Resources

Several hedge funds and other institutional investors have recently bought and sold shares of IDR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Idaho Strategic Resources during the fourth quarter valued at approximately $38,000. Rockefeller Capital Management L.P. purchased a new position in shares of Idaho Strategic Resources in the fourth quarter worth $40,000. International Assets Investment Management LLC increased its stake in shares of Idaho Strategic Resources by 100.0% in the first quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the period. Global Assets Advisory LLC bought a new stake in Idaho Strategic Resources during the 1st quarter valued at $45,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Idaho Strategic Resources during the 3rd quarter valued at $47,000. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

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.