Integra Resources’ (ITRG) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Integra Resources (NYSEAMERICAN:ITRG) in a report released on Wednesday morning,Benzinga reports. They currently have a $2.75 price objective on the stock. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at $0.13 EPS and FY2026 earnings at $0.31 EPS.

Integra Resources Price Performance

Shares of NYSEAMERICAN ITRG opened at $1.73 on Wednesday. The firm has a market cap of $291.63 million, a price-to-earnings ratio of -5.24 and a beta of 1.37. Integra Resources has a 1-year low of $0.73 and a 1-year high of $1.88.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ITRG. Sprott Inc. boosted its stake in Integra Resources by 107.6% during the fourth quarter. Sprott Inc. now owns 1,411,459 shares of the company’s stock valued at $1,227,000 after buying an additional 731,624 shares during the period. Equinox Partners Investment Management LLC grew its holdings in shares of Integra Resources by 4.4% during the fourth quarter. Equinox Partners Investment Management LLC now owns 9,190,138 shares of the company’s stock worth $7,922,000 after purchasing an additional 386,675 shares in the last quarter. GMT Capital Corp bought a new position in shares of Integra Resources in the fourth quarter worth approximately $13,566,000. Franklin Resources Inc. raised its stake in Integra Resources by 59.0% in the fourth quarter. Franklin Resources Inc. now owns 11,765,543 shares of the company’s stock valued at $10,146,000 after purchasing an additional 4,366,962 shares in the last quarter. Finally, Ruffer LLP lifted its position in Integra Resources by 89.9% during the fourth quarter. Ruffer LLP now owns 3,126,053 shares of the company’s stock valued at $2,697,000 after purchasing an additional 1,480,000 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

About Integra Resources

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.