Integra Resources (NYSEAMERICAN:ITRG) Receives “Buy” Rating from HC Wainwright

Integra Resources (NYSEAMERICAN:ITRGGet Free Report)‘s stock had its “buy” rating reiterated by HC Wainwright in a research note issued to investors on Monday, Benzinga reports. They currently have a $3.75 price target on the stock. HC Wainwright’s price target would indicate a potential upside of 319.70% from the stock’s previous close.

Integra Resources Stock Performance

Integra Resources stock opened at $0.89 on Monday. The stock has a market capitalization of $79.04 million, a PE ratio of -2.13 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. Integra Resources has a 12 month low of $0.64 and a 12 month high of $1.15.

Integra Resources (NYSEAMERICAN:ITRGGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Sell-side analysts expect that Integra Resources will post -0.16 EPS for the current year.

Institutional Trading of Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Equinox Partners Investment Management LLC grew its position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRGFree Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,057,866 shares of the company’s stock after purchasing an additional 400,000 shares during the quarter. Integra Resources accounts for 5.3% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 6th largest position. Equinox Partners Investment Management LLC owned about 10.25% of Integra Resources worth $7,408,000 at the end of the most recent quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

About Integra Resources

(Get Free Report)

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.

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