Integra Resources (NYSEAMERICAN:ITRG) Earns Buy Rating from Analysts at Roth Capital

Roth Capital initiated coverage on shares of Integra Resources (NYSEAMERICAN:ITRG) in a report published on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $5.75 price target on the stock.

Separately, HC Wainwright lifted their price target on shares of Integra Resources from $3.25 to $4.75 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources currently has a consensus rating of “Buy” and an average price target of $5.25.

Integra Resources Stock Performance

Shares of ITRG stock opened at $3.92 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58. The firm has a market cap of $663.66 million, a price-to-earnings ratio of 43.56 and a beta of 0.80. Integra Resources has a 52 week low of $0.79 and a 52 week high of $3.99. The firm’s 50-day simple moving average is $3.13 and its two-hundred day simple moving average is $2.34.

Institutional Trading of Integra Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Medici Capital LLC purchased a new position in shares of Integra Resources in the second quarter valued at about $184,000. Franklin Resources Inc. raised its stake in Integra Resources by 0.8% during the 2nd quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock valued at $17,945,000 after purchasing an additional 100,000 shares during the period. U S Global Investors Inc. purchased a new position in Integra Resources in the 2nd quarter worth approximately $225,000. Equinox Partners Investment Management LLC lifted its holdings in Integra Resources by 6.9% in the 1st quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock worth $12,223,000 after purchasing an additional 635,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Integra Resources in the 1st quarter worth approximately $96,000. 26.67% of the stock is owned by hedge funds and other institutional investors.

Integra Resources Company 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.