Integra Resources (NYSEAMERICAN:ITRG) Receives “Buy” Rating from Roth Mkm

Integra Resources (NYSEAMERICAN:ITRG)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a research note issued to investors on Monday,Benzinga reports. They presently have a $6.00 target price on the stock. Roth Mkm’s target price would indicate a potential upside of 175.86% from the company’s previous close.

Separately, HC Wainwright restated a “buy” rating on shares of Integra Resources in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $7.33.

Integra Resources Price Performance

Shares of ITRG stock traded down $0.15 during trading hours on Monday, reaching $2.17. 1,439,663 shares of the company were exchanged, compared to its average volume of 2,952,620. Integra Resources has a fifty-two week low of $1.42 and a fifty-two week high of $4.87. The stock’s fifty day moving average is $2.66 and its two-hundred day moving average is $3.34. The company has a market cap of $441.02 million, a price-to-earnings ratio of 54.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.96 and a quick ratio of 3.17.

Hedge Funds Weigh In On Integra Resources

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Integra Resources during the 4th quarter worth $29,000. Independent Advisor Alliance bought a new position in shares of Integra Resources in the 4th quarter worth $40,000. Hohimer Wealth Management LLC acquired a new stake in shares of Integra Resources during the fourth quarter worth $40,000. Brookstone Capital Management acquired a new stake in shares of Integra Resources during the fourth quarter worth $41,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Integra Resources during the fourth quarter worth $46,000. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Company Profile

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.