Integra Resources (NYSEAMERICAN:ITRG) Lowered to Strong Sell Rating by Zacks Research

Integra Resources (NYSEAMERICAN:ITRG) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

ITRG has been the topic of several other research reports. HC Wainwright reissued a “buy” rating on shares of Integra Resources in a research note on Friday, June 26th. Roth Capital reaffirmed a “buy” rating and set a $6.00 price objective on shares of Integra Resources in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.33.

Integra Resources Trading Down 1.4%

Shares of NYSEAMERICAN:ITRG opened at $2.06 on Thursday. The firm has a market cap of $417.71 million, a price-to-earnings ratio of 51.51 and a beta of 0.85. Integra Resources has a 12 month low of $1.43 and a 12 month high of $4.87. The company’s fifty day simple moving average is $2.46 and its 200 day simple moving average is $3.14. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Integra Resources by 39.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company’s stock valued at $19,195,000 after buying an additional 1,871,042 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Integra Resources by 60.9% during the 3rd quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock worth $11,229,000 after acquiring an additional 1,440,789 shares during the period. Montrusco Bolton Investments Inc. acquired a new position in shares of Integra Resources in the first quarter valued at $7,195,000. Renaissance Technologies LLC grew its stake in Integra Resources by 287.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock valued at $5,725,000 after buying an additional 1,556,199 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Integra Resources by 175.7% during the fourth quarter. Millennium Management LLC now owns 1,954,804 shares of the company’s stock worth $7,850,000 after purchasing an additional 1,245,850 shares during the period. Institutional investors own 26.67% of the company’s stock.

About Integra Resources

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.