Integra Resources (NYSEAMERICAN:ITRG) Upgraded at Desjardins

Desjardins upgraded shares of Integra Resources (NYSEAMERICAN:ITRG) to a moderate buy rating in a report published on Thursday morning, Zacks.com reports.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.75 target price on shares of Integra Resources in a report on Thursday.

Integra Resources Price Performance

ITRG stock opened at $1.11 on Thursday. Integra Resources has a fifty-two week low of $0.64 and a fifty-two week high of $1.28.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Sell-side analysts anticipate that Integra Resources will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC grew its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 26.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,815,130 shares of the company’s stock after buying an additional 1,857,264 shares during the period. Integra Resources accounts for about 5.2% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 6th largest position. Equinox Partners Investment Management LLC owned about 9.97% of Integra Resources worth $8,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.67% of the stock is currently owned by hedge funds and other institutional investors.

About Integra Resources

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.