Roth Mkm Forecasts Strong Price Appreciation for Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock

Idaho Strategic Resources (NYSEAMERICAN:IDR) had its price target upped by analysts at Roth Mkm from $16.50 to $17.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock.

Idaho Strategic Resources Stock Up 2.0 %

Shares of IDR traded up €0.31 ($0.34) during trading hours on Thursday, hitting €15.50 ($16.85). The company had a trading volume of 225,456 shares, compared to its average volume of 162,216. The stock has a fifty day moving average price of €12.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. The stock has a market capitalization of $211.73 million, a price-to-earnings ratio of 30.39 and a beta of 0.80. Idaho Strategic Resources has a 12 month low of €7.59 ($8.25) and a 12 month high of €18.35 ($19.95).

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new position in shares of Idaho Strategic Resources during the 4th quarter worth approximately $186,000. Squarepoint Ops LLC bought a new position in shares of Idaho Strategic Resources in the fourth quarter worth $270,000. Two Sigma Investments LP bought a new stake in shares of Idaho Strategic Resources during the 4th quarter valued at about $204,000. OMERS ADMINISTRATION Corp purchased a new position in Idaho Strategic Resources in the 4th quarter worth approximately $332,000. Finally, Millennium Management LLC lifted its stake in Idaho Strategic Resources by 169.6% during the fourth quarter. Millennium Management LLC now owns 120,768 shares of the company’s stock worth $1,231,000 after purchasing an additional 75,969 shares during the last quarter. 8.70% of the stock is owned by institutional investors.

About Idaho Strategic Resources

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.