Franklin Resources Inc. Has $10.15 Million Holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG)

Franklin Resources Inc. increased its holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 59.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,765,543 shares of the company’s stock after buying an additional 4,366,962 shares during the period. Franklin Resources Inc. owned 0.07% of Integra Resources worth $10,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MMCAP International Inc. SPC acquired a new stake in shares of Integra Resources during the 4th quarter worth approximately $270,000. The Manufacturers Life Insurance Company bought a new stake in Integra Resources during the third quarter worth $1,189,000. Sprott Inc. boosted its holdings in shares of Integra Resources by 107.6% in the 4th quarter. Sprott Inc. now owns 1,411,459 shares of the company’s stock valued at $1,227,000 after purchasing an additional 731,624 shares in the last quarter. Ruffer LLP increased its stake in shares of Integra Resources by 89.9% in the 4th quarter. Ruffer LLP now owns 3,126,053 shares of the company’s stock valued at $2,697,000 after purchasing an additional 1,480,000 shares during the last quarter. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Integra Resources by 4.4% during the 4th quarter. Equinox Partners Investment Management LLC now owns 9,190,138 shares of the company’s stock worth $7,922,000 after buying an additional 386,675 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their target price on Integra Resources from $2.00 to $2.75 and gave the stock a “buy” rating in a research note on Thursday, March 27th.

Integra Resources Stock Up 1.8 %

Shares of ITRG opened at $1.14 on Wednesday. Integra Resources Corp. has a 1 year low of $0.73 and a 1 year high of $1.38. The stock has a market cap of $192.17 million, a PE ratio of -3.45 and a beta of 1.37.

Integra Resources Profile

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.