Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.65 and traded as high as $40.14. Idaho Strategic Resources shares last traded at $38.94, with a volume of 276,570 shares.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.50.

Idaho Strategic Resources Price Performance

The company has a 50 day moving average of $41.34 and a 200 day moving average of $37.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55. The stock has a market capitalization of $607.07 million, a price-to-earnings ratio of 55.63 and a beta of 0.88.

Insider Activity at Idaho Strategic Resources

In related news, CEO John Swallow sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 665,778 shares in the company, valued at approximately $28,921,396.32. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.69% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDR. Prospera Financial Services Inc grew its stake in shares of Idaho Strategic Resources by 4.6% during the fourth quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock worth $340,000 after purchasing an additional 373 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after acquiring an additional 608 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Idaho Strategic Resources during the 4th quarter worth about $38,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Idaho Strategic Resources by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,673 shares of the company’s stock valued at $310,000 after acquiring an additional 977 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of Idaho Strategic Resources by 7.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,000 shares of the company’s stock worth $507,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

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.