Integra Resources (NYSEAMERICAN:ITRG) Shares Gap Up – Should You Buy?

Integra Resources Corp. (NYSEAMERICAN:ITRG)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $2.72, but opened at $2.89. Integra Resources shares last traded at $2.8550, with a volume of 1,358,838 shares trading hands.

Analyst Upgrades and Downgrades

ITRG has been the subject of a number of recent analyst reports. Canaccord Genuity Group assumed coverage on shares of Integra Resources in a research report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 price target for the company. Roth Mkm set a $7.00 target price on shares of Integra Resources in a report on Tuesday, January 27th. Finally, HC Wainwright cut their price target on Integra Resources from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $7.75.

Integra Resources Stock Performance

The firm has a market capitalization of $560.58 million, a PE ratio of 31.06 and a beta of 0.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.58. The business’s fifty day simple moving average is $3.76 and its 200-day simple moving average is $3.49.

Institutional Trading of Integra Resources

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Integra Resources during the 4th quarter valued at about $29,000. Independent Advisor Alliance bought a new stake in shares of Integra Resources in the fourth quarter worth about $40,000. Hohimer Wealth Management LLC purchased a new stake in shares of Integra Resources in the fourth quarter worth about $40,000. Brookstone Capital Management bought a new position in Integra Resources during the fourth quarter valued at approximately $41,000. Finally, Bank of America Corp DE boosted its stake in Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock valued at $41,000 after buying an additional 35,997 shares during the last quarter. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.