Navellier & Associates Inc. Purchases 44,349 Shares of Idaho Strategic Resources, Inc. $IDR

Navellier & Associates Inc. raised its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 43.6% in the third quarter, Holdings Channel reports. The fund owned 146,003 shares of the company’s stock after buying an additional 44,349 shares during the quarter. Navellier & Associates Inc.’s holdings in Idaho Strategic Resources were worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in IDR. Prospera Financial Services Inc bought a new stake in shares of Idaho Strategic Resources in the third quarter valued at approximately $273,000. Oppenheimer & Co. Inc. acquired a new position in Idaho Strategic Resources during the 3rd quarter valued at $299,000. Alps Advisors Inc. bought a new stake in Idaho Strategic Resources in the 3rd quarter valued at $508,000. Jones Financial Companies Lllp grew its position in Idaho Strategic Resources by 37.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,460 shares of the company’s stock worth $150,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Idaho Strategic Resources in the 3rd quarter worth $502,000. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Trading Up 8.0%

IDR opened at $40.13 on Tuesday. Idaho Strategic Resources, Inc. has a 1-year low of $10.45 and a 1-year high of $54.70. The stock has a market capitalization of $625.63 million, a PE ratio of 57.33 and a beta of 0.94. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $42.69 and a two-hundred day moving average price of $35.06.

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

Insider Activity at Idaho Strategic Resources

In related news, Director Richard Scott Beaven sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 11,183 shares of the company’s stock, valued at approximately $387,379.12. This represents a 15.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Swallow sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $41.72, for a total transaction of $834,400.00. Following the sale, the chief executive officer owned 645,778 shares in the company, valued at approximately $26,941,858.16. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 52,000 shares of company stock valued at $2,206,880 in the last ninety days. Insiders own 8.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $17.50.

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.