Integra Resources Corp. $ITRG Stock Holdings Trimmed by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC decreased its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 59.1% in the first quarter, Holdings Channel.com reports. The firm owned 2,411,264 shares of the company’s stock after selling 3,480,173 shares during the quarter. Integra Resources comprises approximately 2.7% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 9th largest position. Equinox Partners Investment Management LLC’s holdings in Integra Resources were worth $6,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ITRG. U S Global Investors Inc. grew its position in shares of Integra Resources by 824.1% in the 4th quarter. U S Global Investors Inc. now owns 1,386,127 shares of the company’s stock worth $5,558,000 after buying an additional 1,236,127 shares during the period. Navellier & Associates Inc. purchased a new position in Integra Resources during the 4th quarter valued at about $817,000. Quantbot Technologies LP bought a new stake in Integra Resources during the third quarter worth about $673,000. UBS Group AG boosted its stake in Integra Resources by 316.0% during the fourth quarter. UBS Group AG now owns 608,482 shares of the company’s stock worth $2,440,000 after acquiring an additional 462,205 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Integra Resources in the second quarter worth about $53,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Price Performance

ITRG opened at $2.27 on Wednesday. The stock has a 50-day moving average price of $2.62 and a 200-day moving average price of $3.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.96 and a quick ratio of 3.17. The firm has a market cap of $460.29 million, a PE ratio of 56.76 and a beta of 0.82. Integra Resources Corp. has a 1 year low of $1.42 and a 1 year high of $4.87.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ITRG. HC Wainwright reaffirmed a “buy” rating on shares of Integra Resources in a research note on Friday. Roth Mkm reissued a “buy” rating and issued a $6.00 price target on shares of Integra Resources in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Integra Resources currently has a consensus rating of “Buy” and an average price target of $7.33.

About Integra Resources

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.