Idaho Strategic Resources, Inc. $IDR Shares Sold by Brighton Jones LLC

Brighton Jones LLC lowered its position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 51.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,343 shares of the company’s stock after selling 12,998 shares during the period. Brighton Jones LLC owned about 0.09% of Idaho Strategic Resources worth $417,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IDR. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Idaho Strategic Resources during the 2nd quarter valued at about $39,000. AlphaQuest LLC boosted its position in Idaho Strategic Resources by 6,301.6% during the second quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock worth $52,000 after purchasing an additional 3,907 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Idaho Strategic Resources in the second quarter valued at approximately $78,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Idaho Strategic Resources in the second quarter valued at approximately $90,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Idaho Strategic Resources in the second quarter valued at approximately $98,000. 8.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Capital reiterated a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.50.

Idaho Strategic Resources Price Performance

Idaho Strategic Resources stock opened at $45.32 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. The business has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $28.91. Idaho Strategic Resources, Inc. has a 12 month low of $9.67 and a 12 month high of $54.70. The stock has a market capitalization of $706.54 million, a PE ratio of 64.74 and a beta of 0.98.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. Equities analysts predict that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Idaho Strategic Resources

In related news, CEO John Swallow sold 30,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $43.44, for a total transaction of $1,303,200.00. Following the completion of the transaction, the chief executive officer directly owned 665,778 shares of the company’s stock, valued at $28,921,396.32. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total transaction of $69,280.00. Following the completion of the sale, the director owned 11,183 shares of the company’s stock, valued at approximately $387,379.12. The trade was a 15.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 8.69% of the company’s stock.

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.