World Investment Advisors Takes $1.39 Million Position in Idaho Strategic Resources, Inc. $IDR

World Investment Advisors purchased a new stake in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,456 shares of the company’s stock, valued at approximately $1,389,000. World Investment Advisors owned approximately 0.22% of Idaho Strategic Resources at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Idaho Strategic Resources in the fourth quarter worth $38,000. Virtu Financial LLC raised its holdings in shares of Idaho Strategic Resources by 329.2% during the fourth quarter. Virtu Financial LLC now owns 30,164 shares of the company’s stock worth $1,216,000 after purchasing an additional 23,136 shares during the period. Invesco Ltd. lifted its position in shares of Idaho Strategic Resources by 39.3% in the 4th quarter. Invesco Ltd. now owns 220,534 shares of the company’s stock worth $8,888,000 after buying an additional 62,175 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Idaho Strategic Resources by 25.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 83,798 shares of the company’s stock worth $3,377,000 after buying an additional 16,893 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Idaho Strategic Resources in the 4th quarter worth about $261,000. 8.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN IDR opened at $35.44 on Friday. Idaho Strategic Resources, Inc. has a 12-month low of $12.40 and a 12-month high of $54.70. The company has a market cap of $560.31 million, a PE ratio of 24.96 and a beta of 1.16. The stock has a 50 day simple moving average of $39.76 and a 200-day simple moving average of $39.60. The company has a current ratio of 12.77, a quick ratio of 12.48 and a debt-to-equity ratio of 0.01.

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

Idaho Strategic Resources 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.