Integra Resources’ (ITRG) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Integra Resources (NYSEAMERICAN:ITRG) in a research note released on Monday morning,Benzinga reports. HC Wainwright currently has a $7.00 price target on the stock.

A number of other research analysts also recently issued reports on ITRG. Roth Mkm set a $7.00 price target on shares of Integra Resources in a research report on Tuesday, January 27th. Canaccord Genuity Group assumed coverage on shares of Integra Resources in a research report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 price target on the stock. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $7.75.

Integra Resources Trading Down 2.7%

Integra Resources stock opened at $2.86 on Monday. The firm’s 50-day moving average is $3.26 and its 200-day moving average is $3.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.94 and a current ratio of 3.52. Integra Resources has a 1 year low of $1.41 and a 1 year high of $4.87. The company has a market cap of $578.44 million, a P/E ratio of -286.00 and a beta of 0.91.

Institutional Trading of Integra Resources

Several hedge funds have recently bought and sold shares of ITRG. Caitong International Asset Management Co. Ltd bought a new stake in Integra Resources in the 4th quarter valued at about $29,000. Independent Advisor Alliance acquired a new position in shares of Integra Resources during the fourth quarter worth approximately $40,000. Hohimer Wealth Management LLC acquired a new position in shares of Integra Resources during the fourth quarter worth approximately $40,000. Brookstone Capital Management acquired a new position in shares of Integra Resources during the fourth quarter worth approximately $41,000. Finally, Bank of America Corp DE boosted its position in shares of Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after buying an additional 35,997 shares during the period. 26.67% of the stock is currently owned by institutional investors.

Integra Resources Company Profile

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.