Integra Resources (NYSEAMERICAN:ITRG) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Integra Resources (NYSEAMERICAN:ITRG) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Roth Capital set a $5.00 target price on shares of Integra Resources in a research note on Monday, July 27th. HC Wainwright restated a “buy” rating and issued a $6.75 price target on shares of Integra Resources in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.00.

Integra Resources Stock Performance

Shares of ITRG stock opened at $2.91 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31. The firm’s 50 day moving average price is $2.40 and its 200-day moving average price is $2.81. Integra Resources has a one year low of $1.99 and a one year high of $4.87. The firm has a market cap of $590.35 million, a P/E ratio of 72.77 and a beta of 0.86.

Integra Resources (NYSEAMERICAN:ITRG) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Integra Resources had a return on equity of 26.86% and a net margin of 4.14%.The firm had revenue of $69.42 million for the quarter, compared to analysts’ expectations of $82.69 million. As a group, equities research analysts predict that Integra Resources will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Integra Resources in the 4th quarter valued at $29,000. Independent Advisor Alliance acquired a new position in shares of Integra Resources during the fourth quarter worth $40,000. Hohimer Wealth Management LLC purchased a new position in Integra Resources in the fourth quarter valued at $40,000. GTS Securities LLC purchased a new position in Integra Resources in the second quarter valued at $26,000. Finally, Cetera Investment Advisers purchased a new position in Integra Resources in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

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.