Idaho Strategic Resources (NYSEAMERICAN:IDR) Share Price Passes Above 200-Day Moving Average – What’s Next?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.43 and traded as high as $39.07. Idaho Strategic Resources shares last traded at $38.29, with a volume of 555,673 shares traded.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Idaho Strategic Resources has an average rating of “Buy” and an average price target of $17.50.

Idaho Strategic Resources Trading Up 6.2%

The business’s 50-day simple moving average is $42.61 and its two-hundred day simple moving average is $34.43. 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 company has a market capitalization of $596.94 million, a PE ratio of 54.70 and a beta of 0.94.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $11.08 million for 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%. On average, analysts predict that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO John Swallow sold 30,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $43.44, for a total transaction of $1,303,200.00. Following the completion of the transaction, the chief executive officer directly owned 665,778 shares in the company, valued at approximately $28,921,396.32. This represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the sale, the director directly owned 11,183 shares of the company’s stock, valued at $387,379.12. The trade was a 15.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,000 shares of company stock worth $2,206,880. 8.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Idaho Strategic Resources

Several hedge funds and other institutional investors have recently modified their holdings of IDR. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Idaho Strategic Resources during the second quarter worth about $39,000. Sound Income Strategies LLC increased its holdings in Idaho Strategic Resources by 4,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock valued at $45,000 after buying an additional 1,000 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Idaho Strategic Resources during the third quarter valued at approximately $47,000. Russell Investments Group Ltd. bought a new position in Idaho Strategic Resources during the 3rd quarter worth approximately $48,000. Finally, AlphaQuest LLC grew its position in shares of Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock worth $52,000 after acquiring an additional 3,907 shares in the last quarter. Institutional investors own 8.70% of the company’s stock.

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.