Idaho Strategic Resources (NYSEAMERICAN:IDR) Upgraded at Zacks Research

Zacks Research upgraded shares of Idaho Strategic Resources (NYSEAMERICAN:IDR) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, Roth Mkm reiterated a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, Idaho Strategic Resources currently has an average rating of “Strong Buy”.

Idaho Strategic Resources Stock Performance

Shares of IDR stock opened at $35.25 on Tuesday. The firm has a market capitalization of $557.30 million, a price-to-earnings ratio of 30.92 and a beta of 1.05. The company has a current ratio of 13.96, a quick ratio of 13.70 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $36.71 and its 200-day moving average price is $37.92. Idaho Strategic Resources has a 12 month low of $12.20 and a 12 month high of $54.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Euro Pacific Asset Management LLC bought a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at about $32,782,035,000. State Street Corp raised its position in shares of Idaho Strategic Resources by 243.1% during the fourth quarter. State Street Corp now owns 890,401 shares of the company’s stock worth $35,883,000 after acquiring an additional 630,891 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Idaho Strategic Resources by 10.6% in the third quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after acquiring an additional 69,639 shares during the period. Van ECK Associates Corp lifted its stake in shares of Idaho Strategic Resources by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 492,621 shares of the company’s stock worth $19,853,000 after acquiring an additional 27,663 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Idaho Strategic Resources by 14.9% in the fourth quarter. Geode Capital Management LLC now owns 343,036 shares of the company’s stock valued at $13,827,000 after acquiring an additional 44,568 shares during the last quarter. 8.70% of the stock is owned by institutional investors.

About Idaho Strategic Resources

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.