Credit Industriel ET Commercial Sells 245,000 Shares of Integra Resources Corp. $ITRG

Credit Industriel ET Commercial reduced its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 60.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,842 shares of the company’s stock after selling 245,000 shares during the period. Credit Industriel ET Commercial owned about 0.09% of Integra Resources worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ITRG. Rathbones Group PLC lifted its stake in Integra Resources by 33.9% in the second quarter. Rathbones Group PLC now owns 48,400 shares of the company’s stock valued at $73,000 after purchasing an additional 12,250 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Integra Resources during the 3rd quarter valued at $42,000. Raymond James Financial Inc. grew its stake in shares of Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock worth $76,000 after acquiring an additional 16,611 shares during the period. Prime Capital Investment Advisors LLC purchased a new stake in Integra Resources in the 3rd quarter worth about $58,000. Finally, Jane Street Group LLC purchased a new stake in Integra Resources in the 2nd quarter worth about $48,000. Institutional investors own 26.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. HC Wainwright increased their target price on shares of Integra Resources from $5.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Roth Mkm set a $7.00 price objective on shares of Integra Resources in a report on Tuesday, January 27th. Finally, Canaccord Genuity Group assumed coverage on shares of Integra Resources in a research note on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $7.83.

Integra Resources Trading Up 6.9%

Shares of ITRG stock opened at $3.57 on Monday. The company has a market capitalization of $654.06 million, a PE ratio of 39.67 and a beta of 0.72. Integra Resources Corp. has a 52-week low of $1.02 and a 52-week high of $4.87. The business’s fifty day moving average is $4.06 and its 200 day moving average is $3.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58.

Integra Resources 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.