Integra Resources (NYSEAMERICAN:ITRG) Sets New 1-Year High – Here’s Why

Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $4.42 and last traded at $4.2740, with a volume of 8009 shares changing hands. The stock had previously closed at $4.30.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ITRG. Roth Capital set a $5.75 target price on Integra Resources and gave the stock a “buy” rating in a research report on Monday, December 8th. HC Wainwright increased their price objective on Integra Resources from $3.25 to $4.75 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $5.25.

Integra Resources Stock Down 2.9%

The company has a 50 day moving average of $3.18 and a 200-day moving average of $2.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.05. The company has a market cap of $706.83 million, a P/E ratio of 46.73 and a beta of 0.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ITRG. NewEdge Advisors LLC raised its stake in Integra Resources by 4,679.1% in the third quarter. NewEdge Advisors LLC now owns 41,769 shares of the company’s stock valued at $123,000 after purchasing an additional 40,895 shares in the last quarter. XTX Topco Ltd grew its position in Integra Resources by 295.7% in the third quarter. XTX Topco Ltd now owns 198,102 shares of the company’s stock worth $584,000 after acquiring an additional 148,039 shares in the last quarter. Virtus Advisers LLC bought a new position in Integra Resources in the third quarter valued at $179,000. Susquehanna International Group LLP bought a new position in Integra Resources in the third quarter valued at $60,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Integra Resources during the third quarter valued at about $130,000. 26.67% of the stock is currently owned by institutional investors.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.