Integra Resources (NYSEAMERICAN:ITRG) Trading Down 8.3% – What’s Next?

by · The Markets Daily

Integra Resources Corp. (NYSEAMERICAN:ITRG – Get Free Report) shares fell 8.3% during trading on Tuesday . The company traded as low as $4.28 and last traded at $4.2350. 719,799 shares were traded during mid-day trading, a decline of 70% from the average session volume of 2,378,612 shares. The stock had previously closed at $4.62.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ITRG. Canaccord Genuity Group started coverage on Integra Resources in a research note on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price target on the stock. HC Wainwright boosted their price objective on Integra Resources from $5.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday. Finally, Roth Mkm set a $7.00 target price on shares of Integra Resources in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $7.83.

Get Our Latest Stock Report on Integra Resources

Integra Resources Stock Performance

The stock has a market cap of $758.49 million, a price-to-earnings ratio of 46.01 and a beta of 0.75. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $4.01 and a 200 day simple moving average of $2.99.

Institutional Trading of Integra Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of Integra Resources by 0.8% during the second quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company’s stock worth $17,945,000 after buying an additional 100,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Integra Resources by 39.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company’s stock worth $19,195,000 after acquiring an additional 1,871,042 shares during the last quarter. Bank of America Corp DE increased its holdings in Integra Resources by 60.9% in the 3rd quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock worth $11,229,000 after purchasing an additional 1,440,789 shares in the last quarter. U S Global Investors Inc. increased its holdings in Integra Resources by 824.1% in the 4th quarter. U S Global Investors Inc. now owns 1,386,127 shares of the company’s stock worth $5,558,000 after purchasing an additional 1,236,127 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in Integra Resources by 986.2% in the third quarter. Two Sigma Investments LP now owns 938,394 shares of the company’s stock valued at $2,768,000 after purchasing an additional 852,003 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

About Integra Resources

(Get Free Report)

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.

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