Idaho Strategic Resources, Inc. $IDR Shares Sold by Brighton Jones LLC

Brighton Jones LLC lessened its holdings in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 51.3% in the third quarter, Holdings Channel.com reports. The firm owned 12,343 shares of the company’s stock after selling 12,998 shares during the period. Brighton Jones LLC’s holdings in Idaho Strategic Resources were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Fermata Advisors LLC bought a new stake in shares of Idaho Strategic Resources during the 3rd quarter valued at about $349,000. Salem Investment Counselors Inc. increased its holdings in shares of Idaho Strategic Resources by 6.5% during the third quarter. Salem Investment Counselors Inc. now owns 47,455 shares of the company’s stock valued at $1,604,000 after purchasing an additional 2,900 shares during the period. Osaic Holdings Inc. grew its holdings in Idaho Strategic Resources by 42.8% during the second quarter. Osaic Holdings Inc. now owns 8,604 shares of the company’s stock worth $113,000 after acquiring an additional 2,579 shares during the period. Stonebridge Wealth Management LLC bought a new stake in shares of Idaho Strategic Resources during the 2nd quarter worth $328,000. Finally, State of Tennessee Department of Treasury acquired a new stake in Idaho Strategic Resources during the 2nd quarter worth about $169,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Idaho Strategic Resources presently has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Stock Performance

NYSEAMERICAN:IDR opened at $45.32 on Friday. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $37.27 and its 200 day simple moving average is $28.91. The firm has a market capitalization of $706.54 million, a PE ratio of 64.74 and a beta of 0.98. Idaho Strategic Resources, Inc. has a 1 year low of $9.67 and a 1 year high of $54.70.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. The business had revenue of $11.08 million during the quarter, compared to analysts’ expectations of $9.40 million. On average, sell-side analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Insider Buying and Selling at Idaho Strategic Resources

In other Idaho Strategic Resources news, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total transaction of $69,280.00. Following the completion of the transaction, the director owned 11,183 shares in the company, valued at $387,379.12. This trade represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Swallow sold 30,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $43.44, for a total value of $1,303,200.00. Following the sale, the chief executive officer directly owned 665,778 shares in the company, valued at $28,921,396.32. The trade was a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.69% of the stock is owned by company insiders.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.