Integra Resources (NYSEAMERICAN:ITRG) Shares Gap Up – Here’s What Happened

Integra Resources Corp. (NYSEAMERICAN:ITRG) shares gapped up before the market opened on Monday . The stock had previously closed at $2.52, but opened at $2.78. Integra Resources shares last traded at $2.8550, with a volume of 1,825,061 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their price objective on shares of Integra Resources from $7.00 to $6.75 and set a “buy” rating for the company in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $7.67.

Integra Resources Trading Up 10.1%

The firm has a market capitalization of $561.27 million, a PE ratio of 69.64 and a beta of 0.82. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $3.41.

Institutional Trading of Integra Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. StoneX Group Inc. increased its stake in shares of Integra Resources by 39.4% in the fourth quarter. StoneX Group Inc. now owns 15,965 shares of the company’s stock worth $64,000 after purchasing an additional 4,515 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Integra Resources in the fourth quarter worth $29,000. Jane Street Group LLC increased its stake in shares of Integra Resources by 5.4% in the fourth quarter. Jane Street Group LLC now owns 171,694 shares of the company’s stock worth $688,000 after purchasing an additional 8,724 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Integra Resources in the fourth quarter worth $40,000. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Integra Resources in the fourth quarter worth $40,000. 26.67% of the stock is owned by hedge funds and other institutional investors.

About Integra Resources

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.