Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 4.5% Following Insider Selling

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) fell 4.5% on Wednesday after an insider sold shares in the company. The company traded as low as $39.81 and last traded at $39.6250. 797,367 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 432,469 shares. The stock had previously closed at $41.49.

Specifically, CEO John Swallow sold 20,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $41.72, for a total value of $834,400.00. Following the transaction, the chief executive officer directly owned 645,778 shares of the company’s stock, valued at $26,941,858.16. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

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

Idaho Strategic Resources Stock Performance

The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $37.62 and a 200 day moving average price of $29.68. The stock has a market cap of $628.28 million, a P/E ratio of 57.57 and a beta of 0.97.

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

Institutional Trading of Idaho Strategic Resources

A number of large investors have recently made changes to their positions in IDR. Prelude Capital Management LLC purchased a new position in Idaho Strategic Resources in the 3rd quarter worth about $215,000. Punch & Associates Investment Management Inc. boosted its position in Idaho Strategic Resources by 14.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 209,655 shares of the company’s stock valued at $7,084,000 after buying an additional 27,098 shares during the period. Millennium Management LLC grew its stake in Idaho Strategic Resources by 229.2% in the 3rd quarter. Millennium Management LLC now owns 41,864 shares of the company’s stock worth $1,415,000 after acquiring an additional 29,146 shares in the last quarter. Jain Global LLC purchased a new position in shares of Idaho Strategic Resources during the third quarter worth approximately $748,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Idaho Strategic Resources during the third quarter worth approximately $5,616,000. 8.70% of the stock is owned by hedge funds and other institutional investors.

Idaho Strategic Resources Company Profile

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.