Cantor Fitzgerald L. P. Sells 28,650 Shares of Idaho Strategic Resources, Inc. $IDR

Cantor Fitzgerald L. P. lowered its stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 50.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,600 shares of the company’s stock after selling 28,650 shares during the period. Cantor Fitzgerald L. P. owned 0.18% of Idaho Strategic Resources worth $933,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings 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 valued at $618,000 after acquiring an additional 608 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Idaho Strategic Resources by 7.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,000 shares of the company’s stock worth $507,000 after purchasing an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp raised its position in Idaho Strategic Resources by 37.7% in the third quarter. Jones Financial Companies Lllp now owns 4,460 shares of the company’s stock valued at $150,000 after purchasing an additional 1,220 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Idaho Strategic Resources during the third quarter valued at about $47,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Idaho Strategic Resources during the third quarter valued at about $48,000. 8.70% of the stock is currently owned by institutional investors and hedge funds.

Idaho Strategic Resources Trading Down 5.5%

Shares of IDR stock opened at $34.99 on Monday. The company has a market cap of $545.49 million, a P/E ratio of 49.99 and a beta of 0.87. The stock has a 50 day simple moving average of $41.11 and a two-hundred day simple moving average of $37.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55. Idaho Strategic Resources, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $54.70.

Insider Buying and Selling at Idaho Strategic Resources

In other news, CEO John Swallow sold 30,000 shares of the company’s 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 transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat, Idaho Strategic Resources currently has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources 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.