Integra Resources (CVE:ITR) Trading 3.2% Higher – What’s Next?

Shares of Integra Resources Corp. (CVE:ITR) rose 3.2% during trading on Thursday . The stock traded as high as C$3.62 and last traded at C$3.56. Approximately 375,067 shares traded hands during trading, a decline of 5% from the average daily volume of 396,873 shares. The stock had previously closed at C$3.45.

Analysts Set New Price Targets

Separately, Raymond James Financial raised their price objective on shares of Integra Resources from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Integra Resources has an average rating of “Buy” and a consensus target price of C$8.75.

Integra Resources Stock Up 3.2%

The company has a market capitalization of C$720.02 million, a PE ratio of 89.00 and a beta of 2.02. The company’s 50 day moving average is C$3.83 and its two-hundred day moving average is C$4.72. The company has a quick ratio of 1.49, a current ratio of 4.96 and a debt-to-equity ratio of 13.50.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.