Integra Resources (CVE:ITR) PT Set at C$9.25 by Canaccord Genuity Group

Integra Resources (CVE:ITR) has been given a C$9.25 price objective by analysts at Canaccord Genuity Group in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 58.12% from the stock’s previous close.

A number of other brokerages have also issued reports on ITR. Stifel Nicolaus raised their target price on shares of Integra Resources from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Roth Capital upgraded Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Raymond James Financial upped their price target on Integra Resources from C$4.25 to C$5.50 in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$7.58.

Integra Resources Trading Up 6.4%

Shares of Integra Resources stock traded up C$0.35 on Monday, reaching C$5.85. The company had a trading volume of 452,373 shares, compared to its average volume of 365,800. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The firm has a market cap of C$1.06 billion, a PE ratio of 39.00 and a beta of 1.52. The firm’s 50 day moving average price is C$5.01 and its two-hundred day moving average price is C$3.78. Integra Resources has a 52-week low of C$1.12 and a 52-week high of C$6.44.

Integra Resources Company 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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.