Integra Resources (NYSEAMERICAN:ITRG) Coverage Initiated at Canaccord Genuity Group

Equities researchers at Canaccord Genuity Group began coverage on shares of Integra Resources (NYSEAMERICAN:ITRG) in a research report issued on Monday,Benzinga reports. The brokerage set a “speculative buy” rating and a $9.25 price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 113.63% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Roth Capital reiterated a “buy” rating and set a $6.00 target price on shares of Integra Resources in a research report on Thursday, December 18th. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective (up from $4.75) on shares of Integra Resources in a report on Friday, December 19th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $6.75.

Integra Resources Trading Up 2.9%

Shares of ITRG opened at $4.33 on Monday. Integra Resources has a fifty-two week low of $0.79 and a fifty-two week high of $4.69. The company has a market capitalization of $733.07 million, a PE ratio of 48.12 and a beta of 0.75. The stock has a fifty day moving average of $3.68 and a two-hundred day moving average of $2.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58.

Institutional Trading of Integra Resources

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Integra Resources by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock valued at $17,945,000 after buying an additional 100,000 shares in the last quarter. U S Global Investors Inc. acquired a new stake in Integra Resources in the second quarter valued at approximately $225,000. Goldman Sachs Group Inc. lifted its stake in Integra Resources by 26.3% in the first quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock valued at $393,000 after acquiring an additional 66,002 shares during the last quarter. Rathbones Group PLC grew its position in Integra Resources by 33.9% in the second quarter. Rathbones Group PLC now owns 48,400 shares of the company’s stock worth $73,000 after acquiring an additional 12,250 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Integra Resources during the third quarter worth $60,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.