Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Up 13.4% – Still a Buy?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was up 13.4% on Wednesday . The stock traded as high as $49.40 and last traded at $49.7770. Approximately 116,121 shares changed hands during trading, a decline of 68% from the average daily volume of 366,185 shares. The stock had previously closed at $43.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Idaho Strategic Resources Stock Up 3.3%

The firm has a market cap of $776.11 million, a P/E ratio of 43.06 and a beta of 1.21. The company’s 50-day simple moving average is $37.57 and its 200 day simple moving average is $38.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.96 and a quick ratio of 13.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Prospera Financial Services Inc increased its stake in Idaho Strategic Resources by 4.6% during the fourth quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock worth $340,000 after acquiring an additional 373 shares during the last quarter. International Assets Investment Management LLC raised its position in Idaho Strategic Resources by 100.0% during the first quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 500 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Idaho Strategic Resources by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock valued at $618,000 after purchasing an additional 608 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Idaho Strategic Resources in the 4th quarter worth approximately $38,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Idaho Strategic Resources by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,673 shares of the company’s stock worth $310,000 after purchasing an additional 977 shares during the period. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

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.