Integra Resources (NYSEAMERICAN:ITRG) Now Covered by Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Integra Resources (NYSEAMERICAN:ITRG) in a research report report published on Monday,Benzinga reports. The firm issued a speculative buy rating and a $9.25 price target on the stock.

Other equities research analysts have also issued research reports about the company. Roth Capital reaffirmed a “buy” rating and issued a $6.00 price target on shares of Integra Resources in a research report on Thursday, December 18th. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 target price (up previously from $4.75) on shares of Integra Resources in a report on Friday, December 19th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Integra Resources currently has an average rating of “Buy” and an average price target of $6.75.

Integra Resources Price Performance

ITRG stock opened at $4.21 on Monday. Integra Resources has a 52-week low of $0.79 and a 52-week high of $4.69. 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 has a market cap of $712.75 million, a price-to-earnings ratio of 46.78 and a beta of 0.75. The business has a fifty day moving average of $3.65 and a two-hundred day moving average of $2.75.

Institutional Investors Weigh In On Integra Resources

Large investors have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Integra Resources by 0.8% during the second quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock worth $17,945,000 after purchasing an additional 100,000 shares in the last quarter. U S Global Investors Inc. acquired a new position in Integra Resources during the 2nd quarter worth approximately $225,000. Goldman Sachs Group Inc. raised its stake in shares of Integra Resources by 26.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock worth $393,000 after buying an additional 66,002 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of Integra Resources by 108.9% in the 3rd quarter. Virtu Financial LLC now owns 31,889 shares of the company’s stock valued at $94,000 after buying an additional 16,627 shares during the period. Finally, Man Group plc boosted its stake in shares of Integra Resources by 93.8% in the third quarter. Man Group plc now owns 192,144 shares of the company’s stock valued at $567,000 after buying an additional 93,017 shares in the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.

About Integra Resources

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.