Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO Sells €1,180,363.93 in Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 140,687 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of €8.39 ($9.02), for a total transaction of €1,180,363.93 ($1,269,208.53). Following the completion of the sale, the chief executive officer now owns 1,203,546 shares in the company, valued at approximately €10,097,750.94 ($10,857,796.71). The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Idaho Strategic Resources Trading Up 1.3 %

Shares of Idaho Strategic Resources stock opened at €9.37 ($10.08) on Friday. The stock has a market cap of $117.69 million, a PE ratio of 104.12 and a beta of 0.71. Idaho Strategic Resources, Inc. has a twelve month low of €4.48 ($4.82) and a twelve month high of €9.88 ($10.62). The company has a current ratio of 2.57, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings data on Monday, March 25th. The company reported €0.02 ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of €0.05 ($0.05) by (€0.03) (($0.03)). Idaho Strategic Resources had a net margin of 8.49% and a return on equity of 5.98%. The company had revenue of €3.78 million for the quarter, compared to analyst estimates of €3.70 million. On average, equities analysts forecast that Idaho Strategic Resources, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of Idaho Strategic Resources

A hedge fund recently raised its stake in Idaho Strategic Resources stock. Salem Investment Counselors Inc. grew its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,354 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Salem Investment Counselors Inc. owned approximately 0.14% of Idaho Strategic Resources worth $147,000 as of its most recent filing with the Securities and Exchange Commission. 8.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm upped their target price on Idaho Strategic Resources from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd.

Idaho Strategic Resources Company Profile

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.