Stifel Financial Corp Takes Position in Integra Resources Corp. (NYSEAMERICAN:ITRG)

Stifel Financial Corp purchased a new position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 999,846 shares of the company’s stock, valued at approximately $870,000. Stifel Financial Corp owned 0.59% of Integra Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITRG. Renaissance Technologies LLC increased its stake in Integra Resources by 30.4% in the fourth quarter. Renaissance Technologies LLC now owns 412,340 shares of the company’s stock worth $359,000 after purchasing an additional 96,060 shares during the period. Rathbones Group PLC bought a new position in shares of Integra Resources in the fourth quarter worth about $28,000. Franklin Resources Inc. increased its stake in Integra Resources by 59.0% in the 4th quarter. Franklin Resources Inc. now owns 11,765,543 shares of the company’s stock worth $10,146,000 after buying an additional 4,366,962 shares during the period. Ruffer LLP lifted its holdings in Integra Resources by 89.9% during the 4th quarter. Ruffer LLP now owns 3,126,053 shares of the company’s stock valued at $2,697,000 after buying an additional 1,480,000 shares in the last quarter. Finally, MMCAP International Inc. SPC purchased a new stake in Integra Resources in the 4th quarter valued at about $270,000. 26.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.75 price target on shares of Integra Resources in a research note on Wednesday, April 23rd.

Integra Resources Stock Down 0.6 %

ITRG opened at $1.72 on Friday. The company has a market cap of $289.94 million, a P/E ratio of -5.21 and a beta of 1.37. Integra Resources Corp. has a 12-month low of $0.75 and a 12-month high of $1.95. The stock’s fifty day moving average price is $1.45.

Integra Resources 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.