Integra Resources Corp. (NYSEMKT:ITRG) Receives Consensus Recommendation of “Buy” from Analysts

Integra Resources Corp. (NYSEMKT:ITRG – Get Rating) has been given an average rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.60.

A number of brokerages have commented on ITRG. Raymond James cut their price target on shares of Integra Resources from C$5.50 to C$4.50 in a research note on Friday, April 22nd. HC Wainwright increased their price target 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. Desjardins cut their target price on shares of Integra Resources from C$7.00 to C$4.00 in a research note on Tuesday, February 15th. Stifel Nicolaus cut their target price on shares of Integra Resources from C$8.00 to C$5.25 in a research note on Wednesday, April 27th. Finally, Zacks Investment Research cut shares of Integra Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th.

ITRG stock traded down $0.01 during trading hours on Friday, reaching $0.90. The stock had a trading volume of 12,062 shares, compared to its average volume of 116,637. The company has a market capitalization of $56.03 million, a PE ratio of -1.63 and a beta of 1.86. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average is $1.24 and its 200-day moving average is $1.74.

A number of institutional investors have recently modified their holdings of ITRG. Franklin Resources Inc. raised its stake in Integra Resources by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,000 shares of the company’s stock worth $9,084,000 after purchasing an additional 600,000 shares in the last quarter. Invesco Ltd. raised its stake in Integra Resources by 10.4% in the 3rd quarter. Invesco Ltd. now owns 570,712 shares of the company’s stock worth $1,302,000 after purchasing an additional 53,657 shares in the last quarter. Equinox Partners Investment Management LLC bought a new position in Integra Resources in the 3rd quarter valued at about $119,000. Renaissance Technologies LLC acquired a new position in shares of Integra Resources in the 4th quarter valued at approximately $201,000. Finally, Raffles Associates LP lifted its holdings in shares of Integra Resources by 63.7% during the 4th quarter. Raffles Associates LP now owns 257,007 shares of the company’s stock worth $553,000 after acquiring an additional 100,000 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

Integra Resources Company Profile (Get Rating)

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 790 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,673 hectares located in the Owyhee County, south western Idaho.

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