Idaho Strategic Resources, Inc. $IDR Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 144.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,445 shares of the company’s stock after acquiring an additional 31,576 shares during the quarter. Principal Financial Group Inc. owned 0.34% of Idaho Strategic Resources worth $1,717,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Global Assets Advisory LLC acquired a new position in Idaho Strategic Resources in the 1st quarter worth approximately $45,000. International Assets Investment Management LLC raised its stake in Idaho Strategic Resources by 100.0% during the 1st 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. Hsbc Holdings PLC acquired a new stake in Idaho Strategic Resources during the 1st quarter valued at $399,000. Kestra Advisory Services LLC lifted its holdings in shares of Idaho Strategic Resources by 421.2% in the first quarter. Kestra Advisory Services LLC now owns 8,600 shares of the company’s stock valued at $276,000 after purchasing an additional 6,950 shares in the last quarter. Finally, Cvfg LLC purchased a new stake in shares of Idaho Strategic Resources in the first quarter valued at $676,000. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Idaho Strategic Resources Price Performance

Shares of IDR opened at $29.20 on Friday. The company has a market capitalization of $461.65 million, a price-to-earnings ratio of 20.56 and a beta of 1.20. Idaho Strategic Resources, Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $54.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48. The business’s 50-day moving average is $33.04 and its 200-day moving average is $37.06.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%.The company had revenue of $14.48 million for the quarter, compared to analyst estimates of $14.30 million. Equities research analysts expect that Idaho Strategic Resources, Inc. will post 1.52 EPS for the current fiscal year.

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.