Integra Resources (NYSEMKT:ITRG) Price Target Lowered to C$4.50 at Raymond James

Integra Resources (NYSEMKT:ITRGGet Rating) had its price target cut by investment analysts at Raymond James from C$5.50 to C$4.50 in a report released on Friday, The Fly reports.

A number of other analysts also recently issued reports on the stock. HC Wainwright raised their price target on shares of Integra Resources from $6.50 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 30th. Desjardins lowered their price objective on shares of Integra Resources from C$7.00 to C$4.00 in a research report on Tuesday, February 15th. Finally, Zacks Investment Research cut shares of Integra Resources from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Integra Resources presently has an average rating of “Buy” and an average target price of $4.85.

ITRG stock traded down $0.03 during mid-day trading on Friday, reaching $1.29. The company’s stock had a trading volume of 176,854 shares, compared to its average volume of 132,817. The company’s fifty day moving average price is $1.45 and its 200 day moving average price is $1.93. The stock has a market cap of $80.75 million, a PE ratio of -2.22 and a beta of 1.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64.

A number of hedge funds have recently modified their holdings of ITRG. Candriam Luxembourg S.C.A. purchased a new position in Integra Resources in the 3rd quarter valued at approximately $28,000. Franklin Resources Inc. boosted its position in Integra Resources by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,000 shares of the company’s stock valued at $9,084,000 after buying an additional 600,000 shares during the period. Invesco Ltd. boosted its position in Integra Resources by 10.4% in the 3rd quarter. Invesco Ltd. now owns 570,712 shares of the company’s stock valued at $1,302,000 after buying an additional 53,657 shares during the period. Equinox Partners Investment Management LLC purchased a new position in Integra Resources in the 3rd quarter valued at approximately $119,000. Finally, Renaissance Technologies LLC purchased a new position in Integra Resources in the 4th quarter valued at approximately $201,000. 28.22% of the stock is owned by institutional investors.

About Integra Resources (Get Rating)

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. The company primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 748 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,100 hectares located in the Owyhee County, south western Idaho.

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