Integra Resources (NYSEAMERICAN:ITRG) Trading 6.1% Higher - Should You Buy?
Integra Resources (NYSEAMERICAN:ITRG) shares rose 6.1% to $3.7150 on Monday, with a high of $3.74. HC Wainwright raised its price target to $4.75, maintaining a 'buy' rating. The stock has a market cap of $637.41 million and a P/E ratio of 41.73. Institutional investors, including Franklin Resources and Bank of America, have increased their holdings. Integra focuses on gold and silver projects in the Western US.
Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) shares traded up 6.1% on Monday . The company traded as high as $3.74 and last traded at $3.7150. 642,810 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,313,024 shares. The stock had previously closed at $3.50.
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Wall Street Analyst Weigh In
Separately, HC Wainwright raised their price objective on Integra Resources from $3.25 to $4.75 and gave the company a "buy" rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Integra Resources has an average rating of "Buy" and a consensus target price of $4.75.
View Our Latest Analysis on Integra Resources
Integra Resources Trading Up 7.6%
The stock has a market cap of $637.41 million, a price-to-earnings ratio of 41.73 and a beta of 0.80. The business has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $2.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58.
Hedge Funds Weigh In On Integra Resources
A number of institutional investors have recently modified their holdings of ITRG. Franklin Resources Inc. boosted its position in Integra Resources by 0.8% during the second quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company's stock worth $17,945,000 after acquiring an additional 100,000 shares during the last quarter. Equinox Partners Investment Management LLC lifted its stake in shares of Integra Resources by 6.9% during the 1st quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company's stock worth $12,223,000 after purchasing an additional 635,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Integra Resources by 39.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company's stock worth $19,195,000 after purchasing an additional 1,871,042 shares during the last quarter. Bank of America Corp DE grew its position in shares of Integra Resources by 60.9% in the third quarter. Bank of America Corp DE now owns 3,806,494 shares of the company's stock valued at $11,229,000 after purchasing an additional 1,440,789 shares during the period. Finally, Ruffer LLP increased its stake in Integra Resources by 3.6% in the first quarter. Ruffer LLP now owns 3,238,353 shares of the company's stock valued at $4,029,000 after purchasing an additional 112,300 shares during the last quarter. Institutional investors and hedge funds own 26.67% of the company's stock.
About Integra Resources
(Get Free Report)Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.
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