Integra Resources’ (ITRG) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Integra Resources (NYSEAMERICAN:ITRG) in a report released on Thursday morning,Benzinga reports. HC Wainwright currently has a $3.25 target price on the stock. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at $0.23 EPS.

Integra Resources Trading Up 6.5%

Shares of ITRG opened at $1.79 on Thursday. The company’s 50 day simple moving average is $1.56. The company has a market cap of $302.51 million, a P/E ratio of 29.83 and a beta of 0.73. Integra Resources has a 12-month low of $0.79 and a 12-month high of $1.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.30.

Institutional Trading of Integra Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rathbones Group PLC grew its holdings in Integra Resources by 33.9% during the 2nd quarter. Rathbones Group PLC now owns 48,400 shares of the company’s stock valued at $73,000 after buying an additional 12,250 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock valued at $76,000 after buying an additional 16,611 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Integra Resources during the 1st quarter valued at approximately $30,000. Virtu Financial LLC purchased a new position in Integra Resources during the 1st quarter valued at approximately $34,000. Finally, Jane Street Group LLC purchased a new position in Integra Resources during the 2nd quarter valued at approximately $48,000. Institutional investors 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.