Alps Advisors Inc. Purchases New Shares in Idaho Strategic Resources, Inc. $IDR

Alps Advisors Inc. purchased a new position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the third quarter, Holdings Channel.com reports. The firm purchased 15,040 shares of the company’s stock, valued at approximately $508,000.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Idaho Strategic Resources by 127.1% in the second quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock worth $3,736,000 after buying an additional 159,850 shares during the period. Thames Capital Management LLC purchased a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at approximately $4,313,000. Goldman Sachs Group Inc. boosted its stake in Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after purchasing an additional 9,298 shares during the period. Salem Investment Counselors Inc. grew its position in Idaho Strategic Resources by 6.5% during the 3rd quarter. Salem Investment Counselors Inc. now owns 47,455 shares of the company’s stock worth $1,604,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after purchasing an additional 608 shares in the last quarter. 8.70% of the stock is owned by hedge funds and other institutional investors.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN IDR opened at $36.91 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. Idaho Strategic Resources, Inc. has a one year low of $10.45 and a one year high of $54.70. The business’s 50-day moving average price is $42.70 and its two-hundred day moving average price is $35.24. The company has a market capitalization of $575.43 million, a P/E ratio of 52.73 and a beta of 0.94.

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

Wall Street Analyst Weigh In

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

Insider Activity at Idaho Strategic Resources

In related news, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total transaction of $69,280.00. Following the transaction, the director owned 11,183 shares of the company’s stock, valued at approximately $387,379.12. This trade represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $1,303,200.00. Following the completion of the sale, the chief executive officer owned 665,778 shares of the company’s stock, valued at $28,921,396.32. This trade represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 52,000 shares of company stock worth $2,206,880. Insiders own 8.69% 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.