Raymond James Financial Issues Positive Forecast for Integra Resources (CVE:ITR) Stock Price

Integra Resources (CVE:ITR) had its price target boosted by Raymond James Financial from C$8.00 to C$9.00 in a report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently weighed in on ITR. Roth Mkm raised Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. Stifel Nicolaus boosted their price target on shares of Integra Resources from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Canaccord Genuity Group set a C$9.25 price objective on shares of Integra Resources and gave the company a “moderate buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$8.75.

Integra Resources Price Performance

Shares of CVE:ITR opened at C$5.02 on Tuesday. The stock has a market cap of C$920.50 million, a price-to-earnings ratio of 33.47 and a beta of 1.48. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. Integra Resources has a 12 month low of C$1.49 and a 12 month high of C$6.60. The stock’s 50 day moving average price is C$5.58 and its 200 day moving average price is C$4.33.

About Integra Resources

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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.