Stifel Nicolaus Raises Integra Resources (CVE:ITR) Price Target to C$8.00

Integra Resources (CVE:ITR) had its target price raised by Stifel Nicolaus from C$7.00 to C$8.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 33.11% from the stock’s current price.

ITR has been the subject of a number of other research reports. Raymond James Financial raised their price objective on Integra Resources from C$4.25 to C$5.50 in a research report on Friday, October 10th. Roth Capital raised Integra Resources to a “strong-buy” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$6.75.

Integra Resources Price Performance

Shares of ITR opened at C$6.01 on Monday. The company has a 50 day moving average of C$4.63 and a two-hundred day moving average of C$3.47. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. Integra Resources has a twelve month low of C$1.12 and a twelve month high of C$6.44. The company has a market cap of C$1.02 billion, a price-to-earnings ratio of 40.07 and a beta of 1.43.

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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.