Integra Resources (NYSEMKT:ITRG) Trading 5% Higher

Integra Resources Corp. (NYSEMKT:ITRGGet Rating)’s stock price traded up 5% during mid-day trading on Tuesday . The stock traded as high as $0.67 and last traded at $0.66. 80,078 shares changed hands during trading, an increase of 11% from the average session volume of 72,049 shares. The stock had previously closed at $0.63.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. National Bank Financial lowered their price target on shares of Integra Resources from C$1.25 to C$1.00 in a report on Thursday, October 13th. Stifel Nicolaus lowered their price target on shares of Integra Resources from C$4.75 to C$4.00 in a report on Tuesday, September 13th. HC Wainwright lowered their price target on shares of Integra Resources from $6.75 to $4.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Finally, Desjardins lowered their price target on shares of Integra Resources from C$3.25 to C$2.00 in a report on Thursday, September 29th.

Integra Resources Price Performance

The stock has a market capitalization of $52.56 million, a P/E ratio of -2.06 and a beta of 1.38. The stock’s fifty day moving average is $0.59 and its 200-day moving average is $0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.56 and a quick ratio of 1.56.

Institutional Investors Weigh In On Integra Resources

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in Integra Resources by 362.5% during the first quarter. Renaissance Technologies LLC now owns 432,900 shares of the company’s stock valued at $619,000 after acquiring an additional 339,300 shares during the period. Virtu Financial LLC bought a new stake in Integra Resources during the first quarter valued at about $55,000. UBS Group AG bought a new stake in Integra Resources during the first quarter valued at about $30,000. Bank of America Corp DE bought a new stake in Integra Resources during the first quarter valued at about $26,000. Finally, U S Global Investors Inc. bought a new stake in Integra Resources during the third quarter valued at about $119,000. 39.37% of the stock is currently owned by institutional investors.

Integra Resources Company Profile

(Get Rating)

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 790 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,673 hectares located in the Owyhee County, south western Idaho.

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