Idaho Strategic Resources (NYSEAMERICAN:IDR) Releases Earnings Results

Idaho Strategic Resources (NYSEAMERICAN:IDR) posted its earnings results on Wednesday. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01, FiscalAI reports. Idaho Strategic Resources had a return on equity of 20.81% and a net margin of 29.13%.The business had revenue of $11.08 million during the quarter, compared to analyst estimates of $9.40 million.

Idaho Strategic Resources Trading Up 4.9%

IDR traded up $1.56 during trading on Wednesday, hitting $33.56. 402,970 shares of the company’s stock were exchanged, compared to its average volume of 411,223. Idaho Strategic Resources has a 1 year low of $9.67 and a 1 year high of $54.70. The stock has a 50 day moving average price of $34.03 and a 200 day moving average price of $23.20. The firm has a market cap of $523.20 million, a P/E ratio of 51.63 and a beta of 0.72. The company has a current ratio of 5.11, a quick ratio of 4.78 and a debt-to-equity ratio of 0.04.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $17.50.

Insider Activity

In other news, CEO John Swallow sold 87,470 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the transaction, the chief executive officer directly owned 695,778 shares of the company’s stock, valued at approximately $21,089,031.18. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert John Morgan sold 7,143 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $30.52, for a total value of $218,004.36. Following the completion of the transaction, the vice president owned 33,796 shares in the company, valued at approximately $1,031,453.92. This trade represents a 17.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 144,613 shares of company stock valued at $4,044,720 in the last ninety days. Company insiders own 8.69% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Idaho Strategic Resources by 12.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 58,666 shares of the company’s stock worth $1,983,000 after buying an additional 6,710 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Idaho Strategic Resources during the third quarter worth about $1,008,000. Vanguard Group Inc. raised its position in Idaho Strategic Resources by 10.6% in the third quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after acquiring an additional 69,639 shares in the last quarter. Osaic Holdings Inc. raised its position in Idaho Strategic Resources by 42.8% in the second quarter. Osaic Holdings Inc. now owns 8,604 shares of the company’s stock worth $113,000 after acquiring an additional 2,579 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Idaho Strategic Resources in the 2nd quarter valued at about $169,000. 8.70% of the stock is owned by institutional investors and hedge funds.

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.