Cvfg LLC Makes New Investment in Idaho Strategic Resources, Inc. $IDR

Cvfg LLC purchased a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,050 shares of the company’s stock, valued at approximately $676,000. Cvfg LLC owned about 0.13% of Idaho Strategic Resources at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Idaho Strategic Resources in the 4th quarter worth approximately $38,000. Rockefeller Capital Management L.P. bought a new stake in Idaho Strategic Resources during the fourth quarter worth approximately $40,000. Sound Income Strategies LLC boosted its holdings in Idaho Strategic Resources by 4,000.0% during 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 in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Idaho Strategic Resources during the third quarter worth approximately $47,000. Finally, Russell Investments Group Ltd. acquired a new position in Idaho Strategic Resources in the third quarter worth approximately $48,000. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Trading Down 5.1%

NYSEAMERICAN:IDR opened at $29.71 on Thursday. 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, Inc. has a 1-year low of $12.70 and a 1-year high of $54.70. The firm has a market capitalization of $469.72 million, a price-to-earnings ratio of 20.92 and a beta of 1.20. The stock has a fifty day simple moving average of $37.52 and a 200 day simple moving average of $38.86.

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

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

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.