Brokers Set Expectations for Idaho Strategic Resources, Inc.’s Q3 2024 Earnings (NYSEAMERICAN:IDR)

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) – Analysts at Roth Capital raised their Q3 2024 EPS estimates for shares of Idaho Strategic Resources in a research note issued to investors on Monday, August 26th. Roth Capital analyst M. Niehuser now anticipates that the company will earn $0.20 per share for the quarter, up from their prior forecast of $0.07. The consensus estimate for Idaho Strategic Resources’ current full-year earnings is $0.27 per share. Roth Capital also issued estimates for Idaho Strategic Resources’ Q4 2024 earnings at $0.18 EPS and FY2024 earnings at $0.72 EPS.

Separately, Roth Mkm upped their price objective on Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Monday.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN:IDR opened at €12.05 ($13.39) on Wednesday. The firm has a market capitalization of $156.17 million, a P/E ratio of 48.20 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.01 and a quick ratio of 3.65. Idaho Strategic Resources has a 12-month low of €4.48 ($4.98) and a 12-month high of €12.16 ($13.51).

Institutional Trading of Idaho Strategic Resources

Several hedge funds have recently added to or reduced their stakes in IDR. WR Wealth Planners LLC raised its stake in Idaho Strategic Resources by 145.2% during the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after acquiring an additional 2,323 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Idaho Strategic Resources in the second quarter valued at $108,000. Salem Investment Counselors Inc. boosted its position in shares of Idaho Strategic Resources by 30.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company’s stock valued at $147,000 after purchasing an additional 4,000 shares in the last quarter. Brighton Jones LLC bought a new stake in Idaho Strategic Resources during the second quarter worth approximately $496,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Idaho Strategic Resources by 24.7% in the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after buying an additional 12,050 shares in the last quarter. Institutional investors own 8.70% of the company’s stock.

Insider Activity at Idaho Strategic Resources

In other news, VP Grant A. Brackebusch sold 6,078 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of €10.03 ($11.14), for a total transaction of €60,962.34 ($67,735.93). Following the completion of the transaction, the vice president now owns 125,878 shares of the company’s stock, valued at €1,262,556.34 ($1,402,840.38). The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 12.66% of the company’s stock.

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.