World Investment Advisors Makes New Investment in Idaho Strategic Resources, Inc. $IDR

World Investment Advisors purchased a new position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 34,456 shares of the company’s stock, valued at approximately $1,389,000.

A number of other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings 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 holdings in Idaho Strategic Resources by 21.7% during the first 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 holdings 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 purchasing an additional 159,850 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Idaho Strategic Resources during the second quarter worth approximately $78,000. Finally, New York State Common Retirement Fund acquired a new stake in Idaho Strategic Resources in the second quarter worth approximately $98,000. 8.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Idaho Strategic Resources Price Performance

NYSEAMERICAN:IDR opened at $35.44 on Friday. The company has a quick ratio of 12.48, a current ratio of 12.77 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $39.76 and its 200 day moving average price is $39.60. Idaho Strategic Resources, Inc. has a 52-week low of $12.40 and a 52-week high of $54.70. The firm has a market cap of $560.31 million, a P/E ratio of 24.96 and a beta of 1.16.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 23.94%. The business had revenue of $14.48 million during the quarter, compared to analyst estimates of $14.30 million. As a group, sell-side analysts predict that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current fiscal year.

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.