Cormark Decreases Earnings Estimates for Integra Resources

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Equities researchers at Cormark cut their FY2026 earnings per share estimates for Integra Resources in a report issued on Friday, May 16th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.37. The consensus estimate for Integra Resources’ current full-year earnings is ($0.21) per share. Cormark also issued estimates for Integra Resources’ FY2027 earnings at $0.24 EPS.

Separately, HC Wainwright reissued a “buy” rating and issued a $2.75 target price on shares of Integra Resources in a report on Wednesday, April 23rd.

Integra Resources Stock Performance

NYSEAMERICAN:ITRG opened at $1.68 on Monday. The firm has a market capitalization of $283.20 million, a price-to-earnings ratio of -5.09 and a beta of 1.37. The company has a 50 day moving average of $1.48. Integra Resources has a 12-month low of $0.79 and a 12-month high of $1.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ITRG. GMT Capital Corp acquired a new position in Integra Resources during the fourth quarter worth $13,566,000. Franklin Resources Inc. boosted its position in Integra Resources by 59.0% during the fourth quarter. Franklin Resources Inc. now owns 11,765,543 shares of the company’s stock worth $10,146,000 after purchasing an additional 4,366,962 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Integra Resources by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,699,327 shares of the company’s stock worth $2,332,000 after purchasing an additional 1,481,481 shares in the last quarter. Ruffer LLP boosted its position in Integra Resources by 89.9% during the fourth quarter. Ruffer LLP now owns 3,126,053 shares of the company’s stock worth $2,697,000 after purchasing an additional 1,480,000 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in Integra Resources during the fourth quarter worth $870,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

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.