Integra Resources Corp. (NYSEMKT:ITRG) Receives $7.00 Consensus PT from Analysts

Shares of Integra Resources Corp. (NYSEMKT:ITRG) have been given a consensus rating of “Buy” by the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.00.

A number of research firms have issued reports on ITRG. HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of Integra Resources in a research report on Wednesday, September 1st. Zacks Investment Research downgraded Integra Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, September 3rd. Desjardins assumed coverage on Integra Resources in a research report on Friday, May 21st. They issued a “buy” rating for the company. Stifel Nicolaus assumed coverage on Integra Resources in a report on Thursday, May 20th. They issued a “buy” rating for the company. Finally, National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Integra Resources in a report on Monday, June 21st.

Shares of ITRG opened at $2.50 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $138.30 million, a PE ratio of -4.31 and a beta of 1.65. The stock has a 50 day moving average of $2.81.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITRG. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Integra Resources by 10.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,006,485 shares of the company’s stock worth $2,723,000 after buying an additional 96,112 shares during the period. Ruffer LLP increased its holdings in shares of Integra Resources by 14.4% in the second quarter. Ruffer LLP now owns 1,614,579 shares of the company’s stock worth $4,723,000 after buying an additional 203,452 shares during the period. Invesco Ltd. increased its holdings in shares of Integra Resources by 16.2% in the second quarter. Invesco Ltd. now owns 517,055 shares of the company’s stock worth $1,513,000 after buying an additional 72,223 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Integra Resources in the second quarter worth about $176,000. Finally, Amundi purchased a new position in shares of Integra Resources in the second quarter worth about $292,000. Institutional investors and hedge funds own 28.77% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. The company primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 748 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,100 hectares located in the Owyhee County, south western Idaho.

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