Integra Resources (NYSEAMERICAN:ITRG) Given New $7.00 Price Target at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its price objective reduced by HC Wainwright from $7.25 to $7.00 in a report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

ITRG has been the subject of several other research reports. Canaccord Genuity Group initiated coverage on shares of Integra Resources in a research note on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 target price for the company. Roth Mkm set a $7.00 price objective on shares of Integra Resources in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources currently has a consensus rating of “Buy” and a consensus target price of $7.75.

Integra Resources Trading Up 0.7%

NYSEAMERICAN:ITRG opened at $4.08 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. Integra Resources has a 1-year low of $1.02 and a 1-year high of $4.87. The firm has a market capitalization of $747.50 million, a price-to-earnings ratio of 45.34 and a beta of 0.72. The business’s 50-day moving average price is $4.02 and its two-hundred day moving average price is $3.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ITRG. Independent Advisor Alliance bought a new position in shares of Integra Resources in the fourth quarter valued at $40,000. Hohimer Wealth Management LLC bought a new position in shares of Integra Resources in the 4th quarter valued at about $40,000. Brookstone Capital Management acquired a new position in shares of Integra Resources during the 4th quarter worth about $41,000. Cetera Investment Advisers acquired a new position in shares of Integra Resources during the 4th quarter worth about $46,000. Finally, Mindset Wealth Management LLC bought a new stake in shares of Integra Resources in the 4th quarter valued at about $49,000. 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.