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

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.43 and traded as high as $39.07. Idaho Strategic Resources shares last traded at $38.29, with a volume of 555,673 shares traded.

Analyst Ratings Changes

Separately, Roth Mkm restated 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 Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Trading Up 6.2%

The firm has a market cap of $596.94 million, a price-to-earnings ratio of 54.70 and a beta of 0.94. The business has a 50 day moving average of $42.61 and a 200 day moving average of $34.43. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. On average, research analysts forecast that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Idaho Strategic Resources

In other news, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the sale, the director owned 11,183 shares in the company, valued at $387,379.12. This trade represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Swallow sold 20,000 shares of Idaho Strategic Resources stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total value of $834,400.00. Following the completion of the sale, the chief executive officer directly owned 645,778 shares of the company’s stock, valued at approximately $26,941,858.16. This represents a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,000 shares of company stock valued at $2,206,880 over the last ninety days. 8.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. increased its position in shares of Idaho Strategic Resources by 1.3% in the second 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. Citizens Financial Group Inc. RI boosted its position in 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 purchasing an additional 1,000 shares during the period. Sound Income Strategies LLC increased its holdings in Idaho Strategic Resources by 4,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock valued at $45,000 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 period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Idaho Strategic Resources in the third quarter valued at about $47,000. 8.70% of the stock is owned by institutional investors and hedge funds.

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.