Euro Pacific Asset Management LLC Makes New Investment in Idaho Strategic Resources, Inc. $IDR

Euro Pacific Asset Management LLC purchased a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 813,450,000 shares of the company’s stock, valued at approximately $32,782,035,000. Idaho Strategic Resources accounts for 97.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its biggest holding. Euro Pacific Asset Management LLC owned about 5,217.77% of Idaho Strategic Resources as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IDR. Newbridge Financial Services Group Inc. bought a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $47,000. Russell Investments Group Ltd. acquired a new stake in Idaho Strategic Resources in the 3rd quarter valued at approximately $48,000. Caitlin John LLC bought a new stake in Idaho Strategic Resources during the 3rd quarter valued at $53,000. Global Retirement Partners LLC boosted its position in Idaho Strategic Resources by 295.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,919 shares of the company’s stock worth $65,000 after acquiring an additional 1,434 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Idaho Strategic Resources by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,513 shares of the company’s stock worth $85,000 after acquiring an additional 1,444 shares during the period. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Price Performance

Shares of NYSEAMERICAN:IDR opened at $35.25 on Monday. The stock has a market cap of $557.30 million, a price-to-earnings ratio of 30.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.96 and a quick ratio of 13.70. Idaho Strategic Resources, Inc. has a 12 month low of $12.20 and a 12 month high of $54.70. The stock’s 50 day moving average price is $36.48 and its 200 day moving average price is $38.10.

Analyst Ratings Changes

A number of brokerages have recently commented on IDR. Roth Mkm reissued a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. Zacks Research raised shares of Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

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.