Roth Capital Analysts Raise Earnings Estimates for Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) – Stock analysts at Roth Capital lifted their Q3 2024 earnings per share estimates for shares of Idaho Strategic Resources in a research note issued on Monday, August 26th. Roth Capital analyst M. Niehuser now forecasts that the company will earn $0.20 per share for the quarter, up from their prior estimate of $0.07. The consensus estimate for Idaho Strategic Resources’ current full-year earnings is $0.27 per share. Roth Capital also issued estimates for Idaho Strategic Resources’ Q4 2024 earnings at $0.18 EPS and FY2024 earnings at $0.72 EPS.

Separately, Roth Mkm increased their target price on Idaho Strategic Resources from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Monday.

Idaho Strategic Resources Trading Up 5.4 %

IDR stock opened at €12.70 ($14.11) on Wednesday. The company has a current ratio of 6.01, a quick ratio of 3.65 and a debt-to-equity ratio of 0.07. The firm has a market cap of $164.59 million, a price-to-earnings ratio of 50.80 and a beta of 0.78. Idaho Strategic Resources has a fifty-two week low of €4.48 ($4.98) and a fifty-two week high of €12.85 ($14.28).

Insider Buying and Selling at Idaho Strategic Resources

In related news, VP Grant A. Brackebusch sold 6,078 shares of Idaho Strategic Resources stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of €10.03 ($11.14), for a total transaction of €60,962.34 ($67,735.93). Following the transaction, the vice president now owns 125,878 shares of the company’s stock, valued at €1,262,556.34 ($1,402,840.38). The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.66% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in IDR. Salem Investment Counselors Inc. raised its stake in shares of Idaho Strategic Resources by 30.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company’s stock valued at $147,000 after purchasing an additional 4,000 shares during the period. Vanguard Group Inc. grew its position in Idaho Strategic Resources by 3.6% during the first quarter. Vanguard Group Inc. now owns 466,215 shares of the company’s stock worth $3,944,000 after buying an additional 16,215 shares in the last quarter. WR Wealth Planners LLC grew its position in Idaho Strategic Resources by 145.2% during the second quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock worth $39,000 after buying an additional 2,323 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Idaho Strategic Resources during the second quarter worth about $108,000. Finally, Renaissance Technologies LLC grew its position in Idaho Strategic Resources by 24.7% during the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock worth $599,000 after buying an additional 12,050 shares in the last quarter. 8.70% of the stock is currently owned by institutional investors.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.