HC Wainwright Reiterates Buy Rating for Integra Resources (NYSEAMERICAN:ITRG)

Integra Resources (NYSEAMERICAN:ITRG)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $2.75 target price on the stock. HC Wainwright’s target price points to a potential upside of 55.37% from the company’s previous close. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at $0.13 EPS and FY2026 earnings at $0.31 EPS.

Integra Resources Price Performance

NYSEAMERICAN:ITRG opened at $1.77 on Wednesday. The firm has a market capitalization of $298.37 million, a P/E ratio of -5.36 and a beta of 1.37. Integra Resources has a 1-year low of $0.73 and a 1-year high of $1.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rathbones Group PLC acquired a new position in shares of Integra Resources during the fourth quarter worth approximately $28,000. Cambridge Investment Research Advisors Inc. bought a new position in Integra Resources in the 1st quarter valued at $30,000. Millennium Management LLC acquired a new stake in shares of Integra Resources in the 4th quarter valued at $39,000. Bank of America Corp DE raised its position in shares of Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after acquiring an additional 35,997 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Integra Resources during the 4th quarter worth about $42,000. Institutional investors own 26.67% of the company’s stock.

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.