Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.51 and traded as high as $41.00. Idaho Strategic Resources shares last traded at $39.11, with a volume of 214,969 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Idaho Strategic Resources presently has a consensus rating of “Strong Buy”.

Idaho Strategic Resources Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48. The company’s fifty day simple moving average is $38.41 and its two-hundred day simple moving average is $39.51. The stock has a market cap of $618.33 million, a price-to-earnings ratio of 27.54 and a beta of 1.21.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $14.48 million for the quarter, compared to analyst estimates of $14.30 million. Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%. On average, analysts forecast that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Prospera Financial Services Inc lifted its position in shares of Idaho Strategic Resources by 4.6% during the fourth quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock valued at $340,000 after purchasing an additional 373 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Idaho Strategic Resources by 100.0% during the first quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 500 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Idaho Strategic Resources by 1.3% during the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock valued at $618,000 after purchasing an additional 608 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Idaho Strategic Resources by 0.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 207,220 shares of the company’s stock valued at $6,656,000 after purchasing an additional 855 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Idaho Strategic Resources during the fourth quarter valued at about $38,000. 8.70% of the stock is owned by 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.