Van ECK Associates Corp Acquires Shares of 464,958 Idaho Strategic Resources, Inc. $IDR

Van ECK Associates Corp acquired a new position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 464,958 shares of the company’s stock, valued at approximately $15,711,000. Van ECK Associates Corp owned 2.98% of Idaho Strategic Resources at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IDR. NewEdge Advisors LLC grew its stake in shares of Idaho Strategic Resources by 108.8% in the first quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock valued at $437,000 after acquiring an additional 15,917 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after purchasing an additional 9,298 shares in the last quarter. Geode Capital Management LLC raised its stake in Idaho Strategic Resources by 127.1% in the 2nd quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock worth $3,736,000 after purchasing an additional 159,850 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Idaho Strategic Resources in the 2nd quarter valued at about $39,000. Finally, Citizens Financial Group Inc. RI boosted its holdings in Idaho Strategic Resources by 21.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,000 shares of the company’s stock valued at $183,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 8.70% of the company’s stock.

Insider Transactions at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 20,000 shares of the stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total transaction of $834,400.00. Following the sale, the chief executive officer directly owned 645,778 shares in the company, valued at $26,941,858.16. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.69% of the stock is owned by insiders.

Idaho Strategic Resources Price Performance

Shares of IDR traded down $1.81 during trading hours on Friday, hitting $35.20. 33,555 shares of the company were exchanged, compared to its average volume of 427,797. The company has a market cap of $548.83 million, a price-to-earnings ratio of 50.29 and a beta of 0.88. Idaho Strategic Resources, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $54.70. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $41.23 and its 200 day moving average is $37.65.

Analysts Set New Price Targets

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

Idaho Strategic Resources 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.