JPMorgan Chase & Co. Trims Holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)

JPMorgan Chase & Co. lowered its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 41.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,129 shares of the company’s stock after selling 6,438 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Idaho Strategic Resources worth $93,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IDR. Navellier & Associates Inc. lifted its holdings in Idaho Strategic Resources by 160.5% in the fourth quarter. Navellier & Associates Inc. now owns 129,767 shares of the company’s stock worth $1,322,000 after buying an additional 79,950 shares during the period. Raymond James Financial Inc. purchased a new position in Idaho Strategic Resources during the fourth quarter valued at $583,000. Enhancing Capital LLC purchased a new stake in Idaho Strategic Resources in the fourth quarter worth about $525,000. Bank of New York Mellon Corp increased its position in Idaho Strategic Resources by 225.6% during the 4th quarter. Bank of New York Mellon Corp now owns 53,280 shares of the company’s stock valued at $543,000 after buying an additional 36,914 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Idaho Strategic Resources by 124.2% during the 4th quarter. D.A. Davidson & CO. now owns 58,222 shares of the company’s stock valued at $593,000 after purchasing an additional 32,250 shares during the last quarter. 8.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Roth Capital set a $17.50 price target on shares of Idaho Strategic Resources in a research note on Thursday, April 3rd. Roth Mkm raised their target price on shares of Idaho Strategic Resources from $16.50 to $17.50 and gave the company a “buy” rating in a report on Thursday, April 3rd.

Idaho Strategic Resources Price Performance

Shares of IDR stock opened at €15.67 ($17.81) on Tuesday. The stock’s 50-day moving average is €14.65 and its 200 day moving average is €13.40. Idaho Strategic Resources, Inc. has a 1-year low of €8.35 ($9.49) and a 1-year high of €19.75 ($22.44). The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.15. The company has a market cap of $214.05 million, a P/E ratio of 30.73 and a beta of 0.80.

About Idaho Strategic Resources

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.