Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Down 6.4% – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price was down 6.4% during mid-day trading on Tuesday . The stock traded as low as $33.19 and last traded at $33.40. Approximately 270,133 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 412,278 shares. The stock had previously closed at $35.68.

Wall Street Analyst Weigh In

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

Idaho Strategic Resources Stock Performance

The firm has a fifty day moving average of $34.49 and a 200 day moving average of $23.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. The stock has a market capitalization of $532.09 million, a price-to-earnings ratio of 48.76 and a beta of 0.72.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $11.08 million for the quarter, compared to analysts’ expectations of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. On average, sell-side analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 87,470 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the completion of the transaction, the chief executive officer owned 695,778 shares of the company’s stock, valued at $21,089,031.18. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert John Morgan sold 7,143 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $30.52, for a total value of $218,004.36. Following the completion of the sale, the vice president directly owned 33,796 shares in the company, valued at approximately $1,031,453.92. The trade was a 17.45% decrease in their position. The SEC filing for this sale provides additional information. 8.69% of the stock is currently owned by insiders.

Institutional Trading of Idaho Strategic Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Idaho Strategic Resources in the second quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. purchased a new stake in Idaho Strategic Resources during the 3rd quarter worth approximately $47,000. Russell Investments Group Ltd. acquired a new stake in Idaho Strategic Resources during the 3rd quarter worth approximately $48,000. AlphaQuest LLC boosted its position in Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after buying an additional 3,907 shares during the period. Finally, Caitlin John LLC acquired a new position in shares of Idaho Strategic Resources in the third quarter worth $53,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

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.