Integra Resources (NYSEAMERICAN:ITRG) Reaches New 52-Week High – Here’s What Happened

by · The Cerbat Gem

Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $3.90 and last traded at $3.7040, with a volume of 326357 shares traded. The stock had previously closed at $3.67.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ITRG shares. Roth Capital set a $5.75 price target on Integra Resources and gave the company a “buy” rating in a research note on Monday. HC Wainwright lifted their price target on Integra Resources from $3.25 to $4.75 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $5.25.

View Our Latest Stock Report on Integra Resources

Integra Resources Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58. The business’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $2.30. The firm has a market capitalization of $640.80 million, a PE ratio of 42.06 and a beta of 0.80.

Institutional Investors Weigh In On Integra Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Integra Resources by 336.4% in the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after buying an additional 35,997 shares in the last quarter. XTX Topco Ltd purchased a new stake in Integra Resources during the first quarter worth $96,000. Virtu Financial LLC acquired a new stake in Integra Resources in the first quarter valued at approximately $34,000. Equinox Partners Investment Management LLC grew its stake in Integra Resources by 6.9% in the 1st quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock valued at $12,223,000 after acquiring an additional 635,000 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Integra Resources by 26.3% during the first quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock worth $393,000 after purchasing an additional 66,002 shares in the last quarter. Institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

(Get Free Report)

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.

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