Integra Resources (CVE:ITR) Given a C$8.75 Price Target at Ventum Capital

Integra Resources (CVE:ITR) has been assigned a C$8.75 target price by analysts at Ventum Capital in a report issued on Monday, BayStreet reports. The firm presently has a “buy” rating on the stock. Ventum Capital’s target price suggests a potential upside of 127.27% from the company’s previous close.

Integra Resources Price Performance

CVE:ITR traded up C$0.01 on Monday, hitting C$3.85. The company had a trading volume of 54,470 shares, compared to its average volume of 375,699. Integra Resources has a 52 week low of C$2.80 and a 52 week high of C$6.60. The firm has a 50 day moving average of C$3.54 and a two-hundred day moving average of C$3.72. The company has a current ratio of 5.31, a quick ratio of 1.49 and a debt-to-equity ratio of 11.70. The stock has a market capitalization of C$781.06 million, a price-to-earnings ratio of 96.25 and a beta of 2.18.

Insider Buying and Selling at Integra Resources

In other news, Director George Salamis bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average cost of C$2.99 per share, for a total transaction of C$74,750.00. Following the acquisition, the director directly owned 820,737 shares in the company, valued at approximately C$2,454,003.63. This trade represents a 3.14% increase in their ownership of the stock. Corporate insiders own 17.78% of the company’s stock.

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.