Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.39 and traded as low as $32.02. Idaho Strategic Resources shares last traded at $32.86, with a volume of 235,894 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a report 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Idaho Strategic Resources Price Performance

The firm’s fifty day simple moving average is $39.14 and its 200-day simple moving average is $39.39. The firm has a market capitalization of $519.52 million, a PE ratio of 23.14 and a beta of 1.16. The company has a quick ratio of 12.48, a current ratio of 12.77 and a debt-to-equity ratio of 0.01.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results 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 firm had revenue of $14.48 million for the quarter, compared to the consensus estimate of $14.30 million. Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 23.94%. On average, research analysts forecast that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IDR. Caitong International Asset Management Co. Ltd purchased a new position in Idaho Strategic Resources in the fourth quarter worth about $38,000. Rockefeller Capital Management L.P. bought a new position in shares of Idaho Strategic Resources in the 4th quarter worth approximately $40,000. International Assets Investment Management LLC lifted its stake in shares of Idaho Strategic Resources by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of 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 worth $45,000 after buying an additional 1,000 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Idaho Strategic Resources in the first quarter worth approximately $45,000. Institutional investors own 8.70% of the company’s stock.

About Idaho Strategic Resources

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.