Principal Financial Group Inc. Acquires New Holdings in Idaho Strategic Resources, Inc. $IDR

Principal Financial Group Inc. purchased a new position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,855 shares of the company’s stock, valued at approximately $502,000. Principal Financial Group Inc. owned 0.10% of Idaho Strategic Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thames Capital Management LLC bought a new stake in Idaho Strategic Resources during the third quarter worth about $4,313,000. Stonebridge Wealth Management LLC bought a new position in shares of Idaho Strategic Resources in the second quarter worth approximately $328,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Idaho Strategic Resources in the second quarter valued at about $39,000. AlphaQuest LLC raised its position in Idaho Strategic Resources by 6,301.6% during the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after purchasing an additional 3,907 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Idaho Strategic Resources in the second quarter worth $288,000. 8.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 30,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $43.44, for a total value of $1,303,200.00. Following the completion of the transaction, the chief executive officer directly owned 665,778 shares in the company, valued at approximately $28,921,396.32. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.69% of the stock is currently owned by insiders.

Idaho Strategic Resources Stock Up 0.3%

Shares of IDR opened at $39.07 on Friday. Idaho Strategic Resources, Inc. has a 1 year low of $10.45 and a 1 year high of $54.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. The business’s 50 day simple moving average is $42.55 and its 200-day simple moving average is $35.98. The stock has a market capitalization of $609.10 million, a price-to-earnings ratio of 55.82 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $17.50.

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.