Roth Capital Begins Coverage on Integra Resources (NYSEAMERICAN:ITRG)

Equities researchers at Roth Capital started coverage on shares of Integra Resources (NYSEAMERICAN:ITRG) in a research note issued to investors on Monday, MarketBeat reports. The firm set a “buy” rating and a $5.75 price target on the stock. Roth Capital’s price target would indicate a potential upside of 45.94% from the company’s current price.

Separately, HC Wainwright raised their price objective on Integra Resources from $3.25 to $4.75 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $5.25.

Integra Resources Trading Up 6.5%

NYSEAMERICAN ITRG opened at $3.94 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $3.12 and its two-hundred day simple moving average is $2.33. Integra Resources has a twelve month low of $0.79 and a twelve month high of $3.99. The company has a market capitalization of $667.04 million, a price-to-earnings ratio of 43.78 and a beta of 0.80.

Hedge Funds Weigh In On Integra Resources

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Integra Resources during the 2nd quarter valued at $7,106,000. Bank of America Corp DE raised its stake in shares of Integra Resources by 60.9% during the third quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock valued at $11,229,000 after acquiring an additional 1,440,789 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Integra Resources by 986.2% during the third quarter. Two Sigma Investments LP now owns 938,394 shares of the company’s stock valued at $2,768,000 after acquiring an additional 852,003 shares during the last quarter. Equinox Partners Investment Management LLC boosted its holdings in shares of Integra Resources by 6.9% during the first quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock worth $12,223,000 after purchasing an additional 635,000 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Integra Resources by 58.0% in the third quarter. Millennium Management LLC now owns 708,954 shares of the company’s stock worth $2,083,000 after purchasing an additional 260,157 shares during the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

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.