2,670,377 Shares in Integra Resources Corp. $ITRG Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. acquired a new stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,670,377 shares of the company’s stock, valued at approximately $7,195,000. Montrusco Bolton Investments Inc. owned approximately 1.32% of Integra Resources as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cardinal Point Capital Management ULC purchased a new stake in Integra Resources in the 1st quarter worth approximately $189,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Integra Resources during the 4th quarter valued at $29,000. Virtu Financial LLC grew its holdings in shares of Integra Resources by 157.2% during the 4th quarter. Virtu Financial LLC now owns 82,023 shares of the company’s stock valued at $329,000 after acquiring an additional 50,134 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Integra Resources by 35.2% in the fourth quarter. XTX Topco Ltd now owns 267,825 shares of the company’s stock worth $1,074,000 after acquiring an additional 69,723 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Integra Resources by 175.7% in the fourth quarter. Millennium Management LLC now owns 1,954,804 shares of the company’s stock worth $7,850,000 after acquiring an additional 1,245,850 shares during the last quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $6.00 price objective on shares of Integra Resources in a research report on Monday, June 29th. HC Wainwright reaffirmed a “buy” rating on shares of Integra Resources in a research report on Friday, June 26th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $7.33.

Integra Resources Stock Performance

Shares of ITRG opened at $2.42 on Friday. The company’s fifty day moving average is $2.58 and its 200-day moving average is $3.28. Integra Resources Corp. has a 12 month low of $1.42 and a 12 month high of $4.87. The firm has a market cap of $490.70 million, a price-to-earnings ratio of 60.52 and a beta of 0.85. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.10.

Integra Resources 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.