Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Down 6% – Should You Sell?

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) traded down 6% during trading on Friday . The stock traded as low as $43.58 and last traded at $43.4940. Approximately 80,242 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 576,677 shares. The stock had previously closed at $46.28.

Analyst Ratings Changes

Separately, Roth Capital restated a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Idaho Strategic Resources has a consensus rating of “Buy” and a consensus price target of $17.50.

Idaho Strategic Resources Stock Down 3.7%

The company has a debt-to-equity ratio of 0.02, a current ratio of 8.55 and a quick ratio of 8.34. The stock has a market cap of $695.02 million, a price-to-earnings ratio of 64.02 and a beta of 0.97. The firm has a 50 day simple moving average of $40.53 and a two-hundred day simple moving average of $31.92.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $11.08 million for the quarter, compared to the consensus estimate of $9.40 million. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. As a group, sell-side analysts expect that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Insider Transactions at Idaho Strategic Resources

In other news, CEO John Swallow sold 20,000 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total transaction of $834,400.00. Following the completion of the sale, the chief executive officer owned 645,778 shares of the company’s stock, valued at $26,941,858.16. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the sale, the director owned 11,183 shares in the company, valued at approximately $387,379.12. The trade was a 15.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 52,000 shares of company stock worth $2,206,880. 8.69% of the stock is currently owned by insiders.

Institutional Trading of Idaho Strategic Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Euro Pacific Asset Management LLC bought a new position in Idaho Strategic Resources in the fourth quarter valued at approximately $32,782,035,000. Vanguard Group Inc. increased its holdings in Idaho Strategic Resources by 10.6% during the third quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after buying an additional 69,639 shares during the last quarter. Van ECK Associates Corp bought a new stake in Idaho Strategic Resources during the third quarter worth $15,711,000. Geode Capital Management LLC raised its position in Idaho Strategic Resources by 127.1% during the second quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock worth $3,736,000 after acquiring an additional 159,850 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its stake in Idaho Strategic Resources by 14.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 209,655 shares of the company’s stock valued at $7,084,000 after acquiring an additional 27,098 shares during the last quarter. Institutional investors own 8.70% of the company’s stock.

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.