Integra Resources Corp. (NYSEMKT:ITRG) Given Average Rating of “Buy” by Brokerages

Shares of Integra Resources Corp. (NYSEMKT:ITRGGet Rating) have earned an average rating of “Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.69.

ITRG has been the subject of several recent analyst reports. HC Wainwright upped their price objective on shares of Integra Resources from $6.50 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, March 30th. Raymond James lowered their price objective on shares of Integra Resources from C$5.50 to C$4.50 in a research note on Friday. Desjardins decreased their price target on shares of Integra Resources from C$7.00 to C$4.00 in a research note on Tuesday, February 15th. Finally, Zacks Investment Research downgraded shares of Integra Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Candriam Luxembourg S.C.A. bought a new position in shares of Integra Resources during the third quarter valued at approximately $28,000. Equinox Partners Investment Management LLC bought a new position in shares of Integra Resources during the third quarter valued at approximately $119,000. Invesco Ltd. increased its stake in shares of Integra Resources by 10.4% during the third quarter. Invesco Ltd. now owns 570,712 shares of the company’s stock valued at $1,302,000 after purchasing an additional 53,657 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Integra Resources during the fourth quarter valued at approximately $201,000. Finally, Raffles Associates LP increased its stake in shares of Integra Resources by 63.7% during the fourth quarter. Raffles Associates LP now owns 257,007 shares of the company’s stock valued at $553,000 after purchasing an additional 100,000 shares in the last quarter. 28.22% of the stock is owned by institutional investors and hedge funds.

Shares of NYSEMKT:ITRG traded down $0.11 during midday trading on Monday, hitting $1.18. 379,749 shares of the stock traded hands, compared to its average volume of 134,778. The stock has a market cap of $73.87 million, a PE ratio of -2.03 and a beta of 1.79. The stock’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $1.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64.

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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