Integra Resources (NYSEAMERICAN:ITRG) Price Target Raised to $7.25

Integra Resources (NYSEAMERICAN:ITRG) had its price objective increased by HC Wainwright from $5.00 to $7.25 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock. HC Wainwright also issued estimates for Integra Resources’ FY2026 earnings at $0.69 EPS.

A number of other analysts have also weighed in on ITRG. Roth Mkm set a $7.00 price objective on shares of Integra Resources in a research note on Tuesday. Canaccord Genuity Group started coverage on shares of Integra Resources in a research note on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources has a consensus rating of “Buy” and an average price target of $7.83.

Integra Resources Stock Down 10.6%

Shares of NYSEAMERICAN ITRG opened at $3.70 on Wednesday. Integra Resources has a 52-week low of $1.02 and a 52-week high of $4.87. The firm has a market capitalization of $677.88 million, a price-to-earnings ratio of 41.12 and a beta of 0.75. The stock has a 50 day moving average price of $4.03 and a 200 day moving average price of $3.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58.

Hedge Funds Weigh In On Integra Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management purchased a new stake in shares of Integra Resources during the 4th quarter valued at $41,000. Bank of America Corp DE increased its position in Integra Resources by 336.4% during the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock valued at $41,000 after buying an additional 35,997 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Integra Resources in the third quarter valued at about $42,000. Jane Street Group LLC purchased a new stake in Integra Resources in the second quarter valued at about $48,000. Finally, JPMorgan Chase & Co. acquired a new stake in Integra Resources in the second quarter worth about $53,000. 26.67% of the stock is owned by hedge funds and other institutional investors.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.